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As the winner, Criam picked up a prize of 10,000 euros (,430), but Crespo said he values more the opportunity to participate in a two-week roadshow across China next month, where Fosun will introduce Criam to its own network of Chinese partner investors.

As the virus spread has eased, many factories and companies have started resuming production. President Xi Jinping said at a meeting on Sunday that unremitting efforts should be made to pursue orderly resumption of work and production while continuing to control the spread of the disease.

As the new threshold of personal income tax, raised from 3,500 to 5,000 yuan per month, is set to take effect on Oct 1, the State Council said on Thursday it will also hurry to set a clear scope and standards for six special expense deductions to ensure the threshold is significantly higher than 5,000 yuan, according to a report by China Business News.

As the reported number of cases of infection is rising, the government has undertaken drastic measures to contain the virus, including extending the holiday, blockading roads and putting off the opening of schools. Financial trading has also been stopped until this weekend.

As socialism with Chinese characteristics has entered a new era, the principal contradiction facing Chinese society has evolved. What we now face is the contradiction between unbalanced and inadequate development and the people's ever-growing needs for a better life. China has seen the basic needs of over a billion people met, has basically made it possible for people to live decent lives, and will soon bring the building of a moderately prosperous society to a successful completion. The needs to be met for the people to live better lives are increasingly broad. Not only have their material and cultural needs grown; their demands for democracy, rule of law, fairness and justice, security, and a better environment are increasing. At the same time, China's overall productive forces have significantly improved and in many areas our production capacity leads the world. The more prominent problem is that our development is unbalanced and inadequate. This has become the main constraining factor in meeting the people's increasing needs for a better life.