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As countries are seeking ways to revitalize their economies to mitigate the impact caused by the COVID-19 pandemic and weak goods demand, he said US unilateral action will damage the hard-fought results aimed at de-escalating tensions and bilateral trade disputes. It could escalate the risks of a new round of tariffs.

As a contractor for the country's navy, CSIC has already moved seven of its power businesses to its Baoding-based unit－CSIC Fengfan Co Ltd－one of the group's storage battery manufacturers.

As a result of the sanctions, all property and interests in property of those sanctioned targets that are subject to US jurisdiction will be blocked, and US persons are generally prohibited from engaging in transactions with them, the statement noted.

As an environment-friendly industry, life-changing big data is driving growth and upgrading in both traditional and emerging sectors in Guizhou, with the rapid growth of data services, cloud computing, intelligent manufacturing and e-commerce.

As demand for face masks surges in China amid the outbreak, the nation is also ramping up efforts to increase production.