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As one of the most important markets for Covestro, China has recovered from the COVID-19 pandemic in an exceptional manner, said Michael Friede, global head of the company's coatings, adhesives and specialties segment.

As local governments must now disclose off-balance-sheet borrowing, putting it back on the balance sheet, they may face financing shortages this year, according to Ming Ming, a fixed-income analyst with Citic Securities.

As of March 16, a total of 3,714 A-level scenic spots in 28 provinces and regions, or more than 30 percent of the country's total, had resumed business as the country sees gradual stabilization of the novel coronavirus epidemic.

As of Tuesday evening, there were 27,046 confirmed COVID-19 cases in Canada with 903 deaths, according to the country's Public Health Agency, which earlier in the day reported 823 deaths.

As one of China's first batch of 5G pilot cities, Guangzhou will build 10,000 5G base stations by the end of year, aiming to take a lead to achieve the commercial use of 5G this year.