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As part of efforts to fight the COVID-19 epidemic, banks and their subsidiaries have launched special wealth management products to help companies resume work and production, he said.

As many Chinese people move into urban areas and become middle-income earners, they not only have greater discretionary income but also an interest in upgrading their spending to premium products. Within the agri-food sector, continued urbanization of the population and the demand for "greener", more sustainable products as well as nutritive functional foods will drive growth. The consumer wants to receive the best value for money, which we see being defined as the best quality even if it costs a little more. This trend needs to be supported by continued building of trust and transparency, and the businesses that can succeed in that will be the most successful for the future.

As of the end of March, southern China had been stricken this year by seven convective weather events affecting two or more provincial regions, according to Chen Tao, a chief forecaster at the center.

As of 5:30 pm, all sections of expressway in Northeast China's Jilin province were shut down due to snow, according to local expressway authorities.

As many as 11,383 people have been displaced and now live in temporary shelters. About 120 schools have been damaged, posing a challenge for a timely start to the new school year which begins on September 1.