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Another survey among travel agencies by the academy shows that 70 percent of the respondents would progressively resume business operations after the epidemic. A total of 26 percent believed the travel market would recover soon after the epidemic is over, and 66 percent estimated the recovery period to be one to three months after the epidemic.

Another report, commissioned by the China Consumers Association and published on March 6, also shone a light on the mounting pressure on mothers who have to juggle work and breast-feeding.

Ant Group, the parent company of China's largest mobile payments business Alipay and a major provider of financial services technology, announced on Monday that it has commenced the process of a concurrent initial public offering on the Shanghai Stock Exchange's STAR board ("SSE STAR" market) and The Stock Exchange of Hong Kong.

Another PBOC poll of over 3,000 bankers showed the banker confidence index rose 3.8 percentage points from Q3 to 79.1 percent in Q4.

Apart from the retail front, the company will team up with local governments of "several major cities" and announce several partnerships in electronic displays used in public transportation within this year.