Robin Xing, Morgan Stanley chief China economist, said that GDP growth is likely to turn positive at 1.5 percent on a yearly basis in the second quarter, led by industrial and construction sectors, though recovery of some service segments, such as tourism, leisure and personal care, may be more prolonged as virus containment efforts and soft social distancing could be the "new normal" before wide availability of a vaccine.
Romanian airline Blue Air canceled its order for six MAXs. Unidentified customers canceled orders for another two planes.
Ross said the US welcomes foreign investment on the same basis as domestic investment.
Responding to the emergency, BYD quickly changed track from cars to high-quality medical masks. According to the company, from February to April, the masks were mainly offered in the domestic market. Later on, as the overseas epidemic became severe, the company shifted its focus to export masks to those areas.
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Rules being drafted expanding foreign capital input on electric cars, batteries
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Ride-hailing companies should conduct stricter driver reviews to ensure the safety of passengers.
Rong said the government encourages people to use electric vehicles, which reduce emissions.
Retired professor Zhu Jizhou recalls arriving with the last group of teachers from Shanghai in 1958. He worked in Xi'an for six decades.
Robin Xing, chief China economist at Morgan Stanley, said there is further room for fiscal easing on infrastructure investment to stabilize growth in the coming two quarters.