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As a result, a slew of major commercial property landlords have announced rent cuts or reliefs. A survey conducted by the Guangdong Restaurant Association showed that 69.64 percent of the restaurants were not in operation between Jan 18 and Jan 31. The rest who continued doing business reported their revenue more than halved compared to the same period of last year. And 30 percent of them reported almost nil revenue.

As a logistical option, rail freight is faster than by sea and cheaper than by air, according to the network operator, China Railway Corp, which says almost all services arrive on time. Prices are not publicly disclosed.

As crossover branding is now a hot trend for many sectors across the world, Devialet, the French acoustic engineering technology specialist known for audio products including high-end speakers, unveiled its latest product – Phantom Reactor Opéra de Paris in China to further enhance its market presence. [Photo/Devialet]

As Yueyaquan is a suburban area of Dunhuang, residents in the past were assigned far less farmland per capita than if the village were classified as rural, said Zhang, who recalled that life was tough when most people worked the land for a living.

As for the shrinking inter-bank business reported by some banks, Xiao pointed out that the phenomenon might stem from jitters caused by misunderstandings of relevant policies.