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Analysts said a recent weak dollar is one major reason for the continued gain of China's forex reserves.

Andrey Kravchenko, a Russian who has been living in China for nine years, said that the country impressed him greatly with the strong action taken to protect its people and help prevent the virus from spreading during the coronavirus outbreak.

Analysts estimated China saw 6 million tons of packaging waste generated last year and the disposal costs will be more than 9 billion yuan (around .36 billion).

Analysts and businesses say the economy could lose 5 billion in GDP if the 800,000 so-called "Dreamers" leave the labor pool, at a time when many firms are finding it hard to fill open positions.

Anchor Food Professional, Fonterra's food service business, has signed a deal to provide goods worth 12 billion yuan to Xiamen C&D Corp, a large industrial and investment enterprise in Xiamen, Fujian province.