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The BMW i Vision Dynamics makes its Asia premiere at the Beijing auto show earlier this year. [Photo provided to China Daily]

The BCG also warned that if shipments of US chips and chip making equipment to China were stopped, and China banned imports of US electronics and software, it could cost US companies 37 percent of their annual sales.

The Beijing Commission of Commerce will launch a mutual investment forum for distribution services, aiming to help improve the investment environment.

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The Badaling Great Wall has set up a three-tier warning system for visitors. The yellow warning will be issued when the number of visitors reaches 39,000, orange warning for 52,000 and red warning for 65,000.

The CBIRC will also keep watching policy arbitrage and shadow banking activities that will raise financial leverage, as well as financial risks in the housing sector by implementing prudent risk management standards on real estate development loans and mortgage loans, he added.

The CAS and Leopoldina signed the declaration at the opening ceremony of the first CAS-Leopoldina Joint Conference "Science for Future: All Starts with Basic Research."

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The CPC stands firm in safeguarding China's sovereignty and territorial integrity, and will never allow the historical tragedy of national division to repeat itself, he said.

The COVID-19 outbreak does not affect the Singapore-China trade relations and "SBF is confident that our trade relations will remain strong and robust after COVID-19," he said, adding that the SBF is optimistic about the future of the Chinese economy, as China remains the prime engine of global growth by contributing 30 percent to global economic growth in 2019.

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The Bank of China also expressed optimism in a report about the prospects of the yuan's global use, citing favorable conditions including the Belt and Road Initiative and steady financial opening-up.

The Beiyang Fleet, which was almost entirely composed of ships built by Germany and Britain, was considered one of the strongest in Asia. Yet it was annihilated during the First Sino-Japanese War.