The country is scheduled to release a set of key economic data next week, including total retail sales for January and February. The data will partially reflect the impact of the viral outbreak on domestic consumption and will serve as reference points for policies necessary to shore up the economy.
The confirmed cases reached 802 as of Thursday — rising by 37 from the day before. For the past week, the average number of daily cases was over 40, hitting 65 — the highest daily tally on March 27.
The convenience stores segment entails high operational costs in China. Last year, the rental costs of convenience stores rose 18 percent year-on-year. Costs like water and electricity rose almost 7 percent, and wages climbed 12 percent, according to a report in May from the China Chain Store & Franchise Association.
The country will continue to insist on the principle that "housing is for living in, not speculation," with local governments stabilizing property markets based on differentiated regional conditions.
The constantly increasing 5G contracts mirror what Ding, president of Huawei's carrier business group, said. "We have seen the fastest growth in areas where we were hit the hardest."
The construction of "digital infrastructural facilities" is also being accelerated in the city with 20,261 5G stations constructed in the previous year.
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The contracts involved a total investment of .289 billion, covering a wide range of areas such as finance, information technology, transportation, automobiles, intelligent manufacturing and environmental science.
The country exported 2.2 million tonnes of scrap steel last year, compared with just around 1,000 tonnes in 2016, according to the China Iron and Steel Association.
The construction of the legal institutions and related systems for addressing public petitions should be improved, Xi said, calling for efforts to make petition work more forward-looking, systematic and targeted.
The contraction in retails sales also narrowed and stood at 15.8 percent for March, versus a 20.5-percent drop in the first two months, according to the NBS.