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As it is still uncertain as to how long the epidemic will last, there are both optimistic and pessimistic outlooks in the market. But the average estimate is that the pandemic will likely last for about two years. The recovery of the world economy will go on amid the combat against the epidemic.

As jobs return, both cost-push (such as the wages) and demand-pull pressures should gradually lift core inflation — excluding volatile food and energy prices — back above 1 percent. Producer prices will remain volatile as stimulus supports and then drains demand in heavy industrial sectors including coal and steel.

As of Thursday afternoon, 63 injured residents were still being treated at six local hospitals.

As mobile internet penetration in China slows, Baidu is excited about the huge opportunity to offer content and service providers a cross-platform distribution channel beyond mobile, into smart homes and automobiles, according to Robin Li, Baidu co-founder and CEO.

As is traditional on every Jan 1, the National Ballet of Cuba held a gala at the Alicia Alonso Grand Theater of Havana, where parts of the famous ballet "The Nutcracker" were staged.