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The strategic partnership is expected to enhance both companies' growth potential and meet the evolving tastes and needs of Chinese consumers.

The slowdown of outbound buying is likely to be a short-term correction, while the long-term growth trend in outward M&As will continue to gain momentum.

The spokesperson emphasized that no one should ever underestimate the will and capability of the Chinese people, including Hong Kong compatriots, to defend prosperity and stability of Hong Kong, and that any plot to mess up Hong Kong is doomed to fail.

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The stock market in Hong Kong has rebounded in recent days, a shift that Lui believes is linked to gains by mainland enterprises listed on the Hong Kong exchange. "This shows investors are even more optimistic about China's economic recovery from the coronavirus pandemic," he added.

The snow is predicted to change to a wintry mix of sleet and rain overnight. 

The stable macroeconomic policy demonstrates China's steering capacity in economic development while promoting reforms and opening up, Zhu said.

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The steeper than expected declines prompted the head of the SMMT to reiterate warnings that leaving the European Union without a deal would be "catastrophic" for the industry.

The snowfall turned the cities beautiful and made the residents venture out and capture the scenery on their cameras.

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The small-sized electrical machinery maker raised the money from CITIC Bank, a major commercial lender in China, at an interest rate of 2.75 percent, which largely reduced its financing costs. Having faced cash strains since resuming work in mid-February, it finally solved the fund shortage in the purchase of raw materials, Lu said.

The southwestern region has maintained a medium and high GDP growth in recent years, with Guizhou province, Chongqing municipality and Tibet autonomous region reporting strong results, the newspaper said. All three have maintained double-digit growth for a long time.