As the new AI operating system is totally self-independent, it is able to propel more Chinese companies to deal with the standstill and be ready with AI, he said.
For example, when China fought the COVID-19 outbreak in 2020, the supply chains of many industries in Vietnam also came to a standstill.
The local outbreaks may suppress economic growth by bringing offline service activities to a transitory standstill in the affected areas, but the impact will remain limited if the resurgence can be brought under control this month and policy support is stepped up to offset the downside pressure, Shao said.
"Domestic consumption remains relatively weak compared with the pre-COVID level and growth in the labor market has come to a standstill," Zhang said.
Viewing the travel rush as a clear signal of the country's economic recovery, especially a pick-up in consumers' sentiment, international businesses are shifting to e-commerce to seek fortune in China's online market, given that the coronavirus has brought overseas travel to a standstill.
Nearly 200-plus ships were at a standstill, as of Thursday, according to shipping journal Lloyd's List.
Liu Yuanchun, vice-president of Renmin University of China, said at the forum that the technological revolution is one of the most crucial factors for the world to escape a lasting standstill in economic growth and countries need to break barriers and remove frictions that have arisen in trade, digital governance and the competition for talents.
After outbound tourism came to a near standstill over the past three years, tour operators are seeing a rapid recovery of the industry with travelers eager to take advantage of the nation's optimized COVID-19 policies.
Both China and the US have experienced the rapid development of industries due to respect for industry laws, and have also suffered from mistakes of violating industry laws and bringing related development to a standstill.
After more than two months at a literal standstill, Shanghai is seeing new residential projects being launched at an accelerated pace, and a rising volume of high-end residential properties are traded, indicating the housing market is bouncing back.
"Only a very low proportion of property projects in China are experiencing a delivery delay or construction standstill.
"The impact of the COVID-19 on global passenger traffic pandemic brought aviation to a virtual standstill in 2020 and we continue to face an existential threat," ACI World Director General Luis Felipe de Oliveira said in the statement.
Pent-up demand impossible to ignore as time estimates vary for travel recoveryAs international travel came to a standstill in 2020, companies in the travel and tourism industries hit a wall.
The coronavirus pandemic has brought the air transport industry to a standstill since the beginning of the year as many airlines had to ground flights.
"The pandemic has brought tourism to a standstill.
Traveling abroad though has come to a standstill as the epidemic has hit other countries and regions.
Data in the public domain showed that residential property developers have been facing a sales standstill for a couple of months.
Epidemic leaves many residential communities, site of many lodging service providers, shutteredThe outbreak of the novel coronavirus epidemic, which has resulted in a temporary standstill for many industries in China, prompted Jiang Xue, a 31-year-old lodging service operator in Shanghai, to make up her mind to wind down her business.
Unlike Italy and Spain, Germany never banned car production, though factories came to a standstill after authorities restricted the movement of people and ordered the closure of car dealerships.
Car factories across Germany were at a standstill on Friday as industrial workers staged a third day of 24-hour strikes, focusing on plants owned by Mercedes-Benz, Porsche, Audi and BMW.
Chinese mainland's IPO market has defied headwinds such as rising interest rates and fears of a US recession, which have brought major equity fundraising elsewhere to a virtual standstill, Bloomberg said.
The legal process came to a standstill in the summer of 2015 as the A-share market was hit by sharp volatility.
But the revision of the law came to a standstill after the country experienced a dramatic stock market crash in the summer of 2015.