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Qu Xiuli, deputy head of CISA, said the industry has been able to maintain high-quality development during the first nine months of the year, despite the negative impact of the COVID-19 pandemic and uncertainties in both domestic and foreign markets.

Qin said that Nio sold more than 20,000 vehicles in 2019, with 48 percent sold thanks to customer recommendations.

Q2: The outbreak has caused disruptions to the global economy. How is your China business recovering from the outbreak? Will your investment plans in the country change due to the virus?

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Pundits said Fosun’s acquisitions are aimed mainly at bringing new brands and products to Chinese consumers and have less to do with entering new markets because Chinese consumers today are many and they are much more sophisticated than they were five years ago.

Q6: Many observers believe China is on the brink of a significant technological transformation. How does your company plan to take advantage of tech opportunities in China over the next decade?

PwC China Assurance Partner Jean Sun said improving profitability and ensuring long-term development were the key goals for family businesses.

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Public hospitals (12,708 of them as of 2016) provided 2.85 billion diagnoses and treatments last year, accounting for 87.2 percent of cases provided by all hospitals in China, according to the National Health and Family Planning Commission.

Qinghai has twice carried out work to appraise dilapidated houses to ensure homes included in the scope of the renovation project are repaired in a timely manner, said Wang Fachang, director of the provincial department of housing and urban-rural development.

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Published in the journal Pediatrics and made available online Monday, the study further fuels the debate over whether probiotics, sold as dietary supplements, have protective effects against colds, tummy bugs and more serious conditions.

Queenie Leung, manager of a Hong Kong-based toy manufacturing company, said the higher wages have already led her company to shift manufacturing away from China.