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Xiao Zhengsan, the CADA's secretary-general, said he believes that the booming sector can also help to stimulate new car sales, which have been slowing down in the Chinese market. He said more people will be able to buy new cars after they sell their used ones.

Xu Shu, deputy director of the Survey and Research Center for China Household Finance at Southwestern University of Finance and Economics, advised those families that lack investment experience to improve their risk response capabilities with the help of professional wealth management institutions.

Xiang Ligang, founder of telecom industry website cctime.com, said the new combined company will play an important role in accelerating China's efforts to roll out the superfast 5G network, as it is well-positioned to meet the new challenges.

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Xie urged residents to seek help from property management companies and pest control services if they found a large number of big snails in their housing estates.

Xiao said: "China can still lower its carbon emissions by enhancing the penetration of renewable power technologies including solar and wind, which have needed few subsidies this year and will not become a financial burden for the government from 2021."

Xi, also general secretary of the Communist Party of China Central Committee, said on Thursday that the rural revitalization strategy is the leading agenda for government work on agriculture, rural areas and rural residents.

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Xiao Yuanqi, chief risk officer of the CBIRC, said on March 17 that the impact of the epidemic on nonperforming loans will be gradually revealed in the next few months.

Xiaomi Corp unveiled its latest artificial intelligence-enabled smartphone on Tuesday, as the Beijing-based company stepped up efforts to consolidate presence in the premium segment.

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Xu added there is a serious polarization among Chinese automakers in terms of market share. The front-row players, including Geely, Great Wall Motors and Changan Automobile, have a much larger market share than many of their peers.

Xiaomi advertised its new handsets for just one pound (.30) last week in an online "flash sale" that left thousands of potential buyers disappointed when its website told them it had "sold out" soon after it had opened.