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Qu said that banks will likely see a short-term rise in nonperforming loans, but the business recovery and resumption of normal economic activities will help banks "absorb" a certain amount of the bad loans.

Qian Keming, the vice-minister of commerce, said that this year is a special year for the e-commerce industry as it has made several outstanding contributions to economic and social development. "Since the COVID-19 outbreak, the Ministry of Commerce has stepped up its efforts by rolling out supportive policies and guidelines to promote the industry's development, and to give full play to the industry to actively contain the pandemic, promote consumption and support the sales of farm products," he said.

Pudong - literally "east of Huangpu River" - is Shanghai's growth engine and a shining symbol of China's modernization. Yet 40 years ago, when the nation launched reform and opening-up, the area was mostly farmland.

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Qualcomm's dominance of baseband chips that connect phones to networks would have represented the crown jewel in Broadcom's portfolio of communications chips that supply Wi-Fi, graphics, video and networking features alongside baseband chips.

Put into spotlight

Public data show that some joint-venture automakers used less than 40 percent of their capacity in 2018.

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Public health decisions are often influenced by other factors, like economic or political concerns.

Qin Guangrong was born in 1950 and started his career as a cadre for 18 years in Lingling city, now known as Yongzhou, in Hunan province. He became the Party secretary of Lingling in 1990 and was promoted to Party secretary of Changsha, capital of Hunan, in 1993.

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Qualcomm Inc is the undisputed leader of the global mobile processor market -this is borne out by the fact that all the seven Chinese brands among the world's top 10 smartphone labels depend on it for chips, especially in the premium segment.

Qin Jirong in Hangzhou contributed to this story.