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The comments came after shipments of phones declined 56 percent year-on-year to 6.38 million units in February, as the epidemic affected the sales and plants' production capabilities, the China Academy of Information and Communications Technology, a government think tank, said in its latest report.

The commission released draft rules in May, under which the CDR pilot program applies to overseas-listed firms－each with a market capitalization of no less than 200 billion yuan (.7 billion)－that operate on the Chinese mainland.

The company has already provided assistance in various forms to countries in need across Africa and other parts of the world, such as Algeria, Angola, Laos and Trinidad and Tobago.

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The company also noted its box office during China's Spring Festival holiday surged 40 percent compared with the same period last year, with the growth mainly driven by Chinese sci-fi blockbuster "The Wandering Earth."

The company announced its objective is to become a retailer being part of everyone's life, by starting from coffee.

The company expects revenues in China in the first quarter of 2020 to be between 0.8 and 1 billion euros below the prior year's level.

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The company has rolled out a string of measures to help online merchants alleviate pressure caused by the tough situation resulting from the pandemic. It will empower 1 million merchants on the platforms to upgrade their digital solutions, with commission fees to remain 3 percent to 5 percent lower than the industry average.

The communique of the session has stressed innovation, saying innovation should play a key role in China's modernization, with technological independence strategically supporting the country's development.

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The commission is drafting materials analyzing current economic situations in different sectors and is preparing policy suggestions to tackle financial risks in the second half, according to the official.

The community, named Di Bar on Chinese digital platforms, posted a message on Sina Weibo Saturday afternoon, emphasizing their "resolute support for the Hong Kong police to arrest rioters" saying that the group's mission is "conveying the voice of Chinese youth in a rational way".