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An Conghui, president of Geely Holding Group, said," As government introduces measures to stabilize and expand auto consumption, the good trend in the long term for the sector will not change…with the launch of new models and the delivery of larger orders delayed by the epidemic, we are confident in the market performance in May and the second quarter. "

An executive meeting of the State Council on Wednesday called for effective implementation of government policies designed to facilitate easier and less costly capital-raising for small and micro-sized firms, while an earlier meeting underscored solid efforts in slashing taxes and fees.

An exhibition themed on the Disney movie Cars attracts onlookers in Shanghai. [Photo/China Daily]

An expert predicted that 5G commercialization is expected to be realized in 2019, with large-scale 5G application being completed in two to three more years, the People's Daily Overseas Edition reported.

An Associated Press report said many aides quickly concluded that Trump was referring to sanctions targeting two Chinese shipping companies that allegedly helped the DPRK skirt sanctions imposed by the United Nations. But The Washington Post cited "two sources familiar with Trump's decision", saying it was in fact about additional large-scale sanctions targeting Pyongyang that have been in the works.