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However, considering that it will take a while for people to see the real impact of the epidemic on small regional banks, monetary policy makers and financial regulators have to take proactive measures to improve small banks' capability of further supporting small businesses, Xiao said.

Hong Yanqing, a researcher on cyberspace operations at Peking University, said that leaking, illegal transfer or misuse of personal information are all highly prone to personal and asset security breaches and therefore must be handled in a secure and appropriate manner.

Hong Zhiliang, a professor at State Key Lab of Application-Specific Integrated Circuits and Systems at Fudan University, stressed the importance of fundamental research in China's IC sector, saying he is hopeful for the future.

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However, Ho pointed out that the small city, which relies heavily on revenue from the gaming industry and tourism, is facing a severe economic recession and a large fiscal deficit. By the end of September, Macao's public expenditure had risen 20 percent year-on-year to 50.85 billion patacas, while its public revenue fell 66 percent year-on-year to 33.51 billion patacas due to the impact of the COVID-19 pandemic.

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However, in 2015, the company began to make profits. It made 206 million yuan in 2015. In the fourth quarter of last year alone, Chinalco realized an operating profit for the first time in five years.

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However, her true intentions remain unknown, and it is not clear if Xiao Fang knew she was dealing with a venomous snake.

However, Chinese-Americans who served haven't been recognized or honored by the nation.

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Hou Yunde, one of China's earliest virologists, co-won the lifetime achievement award with top scientists Cheng Kaijia and Huang Xuhua during the annual You Bring Charm to the World event. [Photo provided to China Daily]

Hong, at BOCOM, said the State's role has been vital, and he expects it to play an even more important part in the next stage of China's development.