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As for Ping An Insurance, its valuation at 17 times reported earnings is still a third that of technology shares on the MSCI China Index, according data compiled by Bloomberg.

As a leading hospital in the diagnosis and treatment of chronic pulmonary hypertension in China, China-Japan Friendship Hospital plans to formulate standards on the diagnosis and surgical treatment of the disease that suits China’s conditions, so more patients with the disease can benefit with the promotion of the standards, Zhen said.

As a key tourist city in Hainan, Sanya has earmarked 100 million yuan (.3 million) to support tourism companies and stabilize the market.

As another part of the support system, an intelligent detection system will be set up to identify and track evidence of IP infringement and counterfeiting. Its work will involve a list of products and enterprises prone to IP infringement, based on big data analysis.

As a result, almost a quarter of surveyed respondents said they expect travel budgets to increase in 2020, while 71 percent anticipate operating with the same level of investment, suggesting China-based companies remain relatively optimistic about the business travel environment.