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"Extending the subsidies will help buffer the impact of the pandemic, boost car sales, increase the sector's competitive edge and finally promote its high-quality development," said the finance ministry in a statement on Thursday.

"Digitalization is the basis for synergetic development of the biomedical industry. The network links biomedical enterprises, financial institutions, the government, and the whole industrial park," Yang said.

"Efficiency and time play a key role in the cross-border e-commerce industry. Let's say you are ranked as the No. 1 seller today in the market, but when you are out of stock for three days, then your ranking might fall below 50. When that happens, it's very difficult for your business to recover," Wei said.

"Declining car sales may speed up the process of squeezing out the incompetent players and we may see some of them exit the market next year."

"Ecological and social issues are the key determinants of sustainable and inclusive development," he said, noting that striking a balance between economy, society and ecology defines the future of China.