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As the novel coronavirus epidemic continues to spread across the region, with Hong Kong's tourism, retail and catering sectors taking the brunt of the impact, a host of enterprises have applied for tax deferrals involving HK billion in delayed profit tax returns for the SAR government in the next financial year, according to Alfred Chan, tax director at Deloitte China.

As the hurdles are gradually removed, used car sales are expected to hit 20 million vehicles in 2020, doubling the 2016 level, said Luo, quoting PricewaterhouseCoopers' estimates.

As the operational and financial structure of central SOEs improves, they will see constant increases in their ability to ward off risks. The government will push central SOEs to advance mixed-ownership reforms and improve modern corporate systems in the second half, said Peng Huagang, SASAC secretary-general.

As the government has clearly identified, the environment is one of the biggest challenges facing not just China but the world. To reduce air pollution, all parties should be involved in a joint effort to establish an effective set of regulations, which are strictly implemented.

As the epidemic gradually subsided, the Hong Kong government announced that normal public services will fully resume from Tuesday, with infection control rules like flexible working hours in place. Previously, non-essential and non-emergency services were reduced due to the outbreak.