Meng said at a news conference that China has ample policy tools and a strong domestic market to support economic growth. "China's economy is highly resilient and has much potential. And the gradual resumption of work in industrial and agriculture sectors and the adequate supply of various consumer goods provide a solid foundation for price stability."
Measures are in place to ensure the security of residents' express shopping, Xu said. Delivery drivers are required to wear masks at work and have their body temperature checked. Transport vehicles will be disinfected in a timely manner.
Meng noted as China has a sufficient supply of industrial and agricultural products, the overall price level will remain steady for the rest of the year.
Merchandise retail accounted for a large part of total consumption goods retail in China. In 2019, China's merchandise retail reached 36.49 trillion yuan, accounting for 89.3 percent of the total. Before the epidemic, China's disposable per capita consumption was 30,733 yuan, while actual per capita consumption was 21,559 yuan.
Meanwhile, the country's courier sector handled 8 billion parcels last month, up 38.9 percent year-on-year, with a surge of more than 30 percent for seven consecutive months, the MOC said.
Meridian is the top North American supplier for the magnesium radiator support structure, the Detroit Free Press reported. Fiat Chrysler Automobiles NV, General Motors Co, BMW and Mercedes-Benz also have halted or adjusted production on certain vehicles in North America due to the fire.
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Media reported that the DPRK and ROK Wednesday agreed to let their athletes march together under the unified flag of the Korean Peninsula at the opening ceremony of the Pyeongchang Winter Olympics next month.
Meanwhile, the construction of a digital sea cable linking the Nordics and East Asia via the Arctic Ocean is under review, and more projects such as the Arctic Railway and the tunnel linking Helsinki and Tallinn, among others, has also been put on table.
Michael Bennet, a Democratic US senator from Colorado, tweeted on Tuesday: "Make no mistake: This is an escalating trade war, and the ones who lose a trade war are American workers, farmers and ranchers, and families. Reckless tariffs do not make a trade strategy."
Miao said: "Compared to postponing the subsidies until the year-end of 2020 with a one-off adjustment, it's better to slow the subsidies in steps to smooth the impact."