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Market consultancy iiMedia Research said the country's cross-border online shopping is expected to reach 12.7 trillion yuan in sales this year.

Maurer also said Switzerland will work with China to upgrade the bilateral free trade agreement and strengthen cooperation in areas like trade, finance, technology, digital economy, education and tourism.

Many MNCs, including Rio Tinto, BHP, Honey-well, GE and Siemens, have expressed their interest in contributing to the success of the initiative. They said they are willing to take advantage of their technologies and global footprint, team up with Chinese companies, and expand further in B&R markets, in fields like power, oil and gas, chemicals, minerals and building materials.

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Many drugmakers are developing products related to diabetes, cancer and daily health supplements, and Novo Nordisk will continue to invest in developing medicines for diabetes, obesity and growth, areas it is proficient in conducting research and development, Doustdar said.

Market sentiment has been lifted by the swift and effective measures the government has taken to contain the spread of the disease and a series of supportive monetary and fiscal policies to minimize the risks to the economy caused by the epidemic, analysts said.

Many banks offered 90-day forbearances last spring, but the grace period is running out. Without additional federal action, including making additional loans available, many hotels will close, and unemployment will rise, he said.

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Many of the investors include hospitals, specialized healthcare providers, pharmaceutical companies, construction companies and private equity firms.

Many people expect battery disposal to be a highly polluting process because of the acid and lead content, but Yang Chunming, New Chunxing's chairman, said the company's advanced processing technology has ensured that there has been no rise in pollutants in the local air, water and soil, despite years of operation.

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March 21: Singapore

Market insiders said some fund managers were booking profits from the blue-chips to enhance returns for their funds for the full year. Some other fund managers chose to sell blue-chip shares to augment their liquidity positions for fund redemptions.