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"Europe is not doing much to eliminate old plants and to rationalize production and restructure the industry, so China is a good example for the world," he said.

"Demand from the cargo freight market has also dropped, but the declining volume is much less than commercial flights. Now, most airlines are carrying out belly-hold operations to transport medical supplies, and it will help to lift revenues. But the limited number of flights and freight volumes won't help much with profit-making," Lin said.

"Every minute counts in our work," said Kyouren, who could not even make time for a 10-minute interview while on the job. The hardest part is feeding time.

"Eliminating the restrictions on joint ventures and cooperation in oil and gas exploration and development, plus introducing multi-market entities (including foreign companies) in domestic oil and gas resource exploration and development, will enhance market activity, create a fair and open access environment, and help further enhance the exploration and development efforts and technological advances of domestic oil and gas resources," said Yang Xiaoping, chairman and president of BP China.

"Establishing their own wealth management subsidiaries is one of the steps taken by banks to make a transition in terms of asset management. What is more challenging for the reform is how the customers will react to the switch of wealth management products from the expected returns model to the net asset value model, which does not guarantee the return of principal and interest," he said.