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As China will continue the deleveraging process targeting some key areas, it is hard to see a large rebound of money and credit data in the following months, which is also depressed by the economic growth headwinds, said Wu Ge, chief economist of Changjiang Securities.

Arduous efforts are needed to reduce risks of further spread of the virus, including dispatching a large number of professionals to search for close contacts of confirmed patients and conducting lab analysis on the virus samples as quickly as possible.

Areas dedicated to consumer electronics, smart household appliances and consumer goods are also among those that have been expanded for the second expo, which will occupy three exhibition halls in the National Exhibition and Convention Center (Shanghai).

Around 90 retail stores have also been established in 23 cities such as Tianjin and Heilongjiang province's Harbin.

Apple isn't expected to release an iPhone that works on 5G networks until September 2020, putting it behind rivals such as Huawei and Samsung, which already make handsets that work with the faster wireless technology.