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Apart from China, countries severely affected by the COVID-19 outbreak include South Korea and Japan, raising concerns about trade prospects in Asia and around the world.

Another benefit of digitization is it facilitates delivery of goods. Currently, the megastore offers quick-delivery service within a 5-kilometer radius of the store, with minimum time required being two hours. With big data, the store may adjust its stocks according to sales. In addition, goods distribution and adjustment with other store branches becomes easier.

Another noticeable trend is that a growing number of private companies are going global and they are increasingly taking the lead in technology innovation, whether domestically or internationally. Apart from serving their European clients, China's private companies are leading some big changes in their industries after they expanded into Europe, he said.

Another cinema chain giant Guangzhou Jinyi Media Corp anticipates a loss of between 100 million yuan and 128 million yuan in the third quarter, down from a loss of 153 million yuan in the first quarter and 161 million yuan in the second quarter.

Another State-owned company, Sinoma Energy Conservation Ltd, donated 25,000 surgical masks to over 20 overseas clients and partners. Donations were also made by China Cosco Shipping Corp Ltd, which donated medical supplies worth 450,000 yuan (,600), including 50,000 surgical masks and 200 protective suits, to Italy.