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"For the large number of elderly people who are not familiar with them, mobile payments mean great inconvenience," Zhen said, adding that for those living in remote villages or who are less well-off, and where internet coverage is still low, cash remains king.

"For non-alcoholic ready-to-drink products, it is about six to eight servings of commercial beverages for each consumer a day globally. That is less than one in China. So they have tremendous business potential here," he said.

"Fiscal income may continue to drop in the second quarter, but the decline is decelerating along with the economic recovery," said Liu Jinyun, an official at the ministry who also disclosed that governments at all levels had spent about 145.2 billion yuan as of Sunday to contain the virus and its effects.

"Gold output from overseas by major Chinese producers reached 23.4 tons in 2018, accounting for 6 percent of China's total domestic output."

"Guangdong and Macao should further advance their cooperation to contribute to constructing a world-class Guangdong-Hong Kong-Macao Greater Bay Area in the years ahead," he added.