The unprecedented drop was due to profit declines in the aviation, autos, tourism and oil industries which were ravaged by the coronavirus crisis, Peng Huagang, a spokesman for the State-owned Assets Supervision and Administration Commission, told a news conference in Beijing.
China will make efforts to prevent state capital-invested firms from going bankrupt, reducing pay for workers and issuing layoffs, Peng added.
An outbreak of a new coronavirus occurred in Chinese Wuhan at the end of last year.
After 17 people died from an outbreak of coronavirus in China, the authorities of the Chinese city of Wuhan ordered to block all road and air routes. After quarantine was introduced in Hubei, preventive measures expanded dozens of cities in other regions of the country.
According to the Public Health Center of Ukraine center, 261 cases were detected in the country per day. The number of deaths is 151, another 359 people recovered.
As we reported before, in Turkey, the number of confirmed cases of coronavirus has increased to 86,306 people, which is the highest among all countries outside Europe or the United States.