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As the current wave of outbreak would likely last for at least several weeks or longer and there may also be a winter surge later in the year, postponing the election for a year is not "disproportionate" as claimed by the five foreign ministers, the spokesman said.

As the COVID-19 outbreak happened, the RDPAC immediately established a task force involving 42 member companies to help with epidemic control, including making significant donations to Wuhan city, Hubei province, such as purchasing urgently needed medical materials from overseas and looking into previous research for potential solutions.

As the government is stepping up efforts to boost domestic energy supply, the country's major national oil companies, including CNPC, China National Offshore Oil Corp and China Petroleum and Chemical Corp, the country's biggest geothermal developer, have been enhancing oil and gas exploration recently, aiming to increase domestic oil and natural gas production at the world's largest crude oil importer.

As regards retail trade, over 60 percent of the interviewed retailers registered a year-on-year sales rise in December, the report added.

As we have seen in every stock market around the world, no regulatory system is perfect. But China's new securities law revision will be a big step toward ensuring that capital flows to the most productive companies in the real economy and that investors are protected.