Due to Corona Virus epidemic, there were hugely negative impacts on most sectors across China in the past over 1 month from late January to early March, which included off-line retailing, off-line catering, tourism, automobile, transportation, etc. But on the other hand, there were some sectors which appeared to grow oppositely. Compared with the same period of 2019, each grew a few times as much as that of 2019. These sectors included e-commerce, resources concerning epidemic fighting, home entertainment, etc.

We anticipate that the GDP growths in the 1st quarter and even the earlier period of the 2nd quarter for China will slow down remarkably. However, the GDP growths for the latter period of the 2nd quarter and the 2nd half of 2020 for China will bounce back rapidly after the epidemic is cured almost. We expect that the GDP growth for the whole 2020 for China will be moderately lower than that of 2019, which will be still within a reasonable interval. Chinese macro-economy for 2020 is expected to remain a comparatively fast growth.