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As a series of policy measures have been taken by the government to spur domestic demand, the ministry said consumers' confidence will gradually recover and steadily rebound. The epidemic situation will not change China's long-term and stable consumption trend and its continuous upgrade.

As demand for food delivery services soars, riders receive winter incentives from their employers.

As a financial journalist whose beat includes the monetary system and the central bank, I find the phrase "RMB internationalization" encouraging and confusing at the same time.

As explained by Cherrie Shi, senior counsel of legal firm FenXun Partners, major reasons for multinational companies moving their manufacturing bases from China to counties in Southeast Asia include China's rising labor costs, overcapacity in heavy industry, and stricter rules and regulations on environmental protection. On the other hand, technology development and skills of the labor force have improved over time in China.

As for the future, Counterpoint Research estimates the compound annual growth rate of TWS hearables would reach 80 percent from 2019 to 2022, while annual shipments are expected to reach 120 million units globally in 2019.