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The company cited the plummeting oil price and demand slump amid the COVID-19 outbreak for the drop in revenue.

The company established its health tonic liquor unit in 2005. However it only has a single digit market share currently, compared with leading brand Jing Brand Co Ltd, which had a 40 percent of the market last year, according to a report conducted by Xiuzheng Pharmaceutical Group.

The command also has launched campaigns to crack down on illegal fire use and scrutinize major fire risks, Zhang said, adding that stricter supervision will be made at the venues of the Beijing 2022 Olympic Winter Games near Beijing and adjacent areas.

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The company has established business platforms in all regions with large oil refinery and chemical engineering capital output including the Middle East, Central Asia, Asia-Pacific, Africa, and South America, including oil refinery and chemical engineering projects in Kuwait, Saudi Arabia, Qatar, Kazakhstan, Nigeria, Singapore, Malaysia, Thailand and Bangladesh.

The commission said it will encourage issuances of a special type of corporate bond to raise money for venture capital funds, without limitations on the types of startups that can be invested in.

The company expects to open approximately about 100 unmanned stores this year alone, and is also eyeing opening its first overseas store.

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The company first released the passenger-grade AAVs at the Consumer Electronics Show in Las Vegas in 2016. The 184 model, which is the world's first AAV, can fly for up to 30 minutes at a maximum cruising speed of 160 km/h, and has an average cruise speed of 100 km/h.

The cloud chips are mainly used in cloud computing, including servers and data centers. The MLU100 is powerful and can complete complicated cloud intelligence tasks, according to the CAS.

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The commission said more than 900 fugitives are still at large overseas, especially in Western countries, and it has ascertained the whereabouts of 360 of them.

The comments were made as the recently announced intention of the US to impose tariffs has heightened global concerns over potential trade confrontations, particularly those between the world's two largest economies.