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Another economist, Anup Sinha, a former professor at the Indian Institute of Management Calcutta, expressed concern about impending joblessness. "As a result of acute uncertainties in the job market, the rising middle class with high disposal incomes is becoming weak and shaky. And that is having an effect on the demand side and the consumption pattern," he said.

Announced by the Communist Party of China Central Committee this week, the special inspection is the first to look solely at Party organizations' involvement in poverty relief work in such areas.

Antitrust scrutiny of Amazon is intensifying as new details reveal how the company treats third-party sellers in its marketplace. Regulators in California, Washington state, and Europe are reportedly homing in on Amazon amid reports that the company uses its colossal size to compete directly with other retailers on Amazon.com.

Any so-called "sanctions" by the US will never shake the determination of China to safeguard national sovereignty, security and development interests, as well as the long-term prosperity and stability of Hong Kong, it added.

Apart from receiving help from the government, many SMEs undertook self-preservation measures during the difficult times. Zhang Yan, general manager of a Shenzhen, Guangdong-based clothing manufacturing enterprise, said that the company undertook several such steps to increase orders and for work resumption. To increase orders, it took advantage of online measures, such as livestreaming promotions, and also took efforts to retain key customers. To motivate the employees during the inactive period, the company offered training and programs to upgrade skills of the employees, before full production resumed in April.