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"Competition is definitely fierce," said Zhao Huanyan, chief analyst at Shenzhen-based hospitality consultancy Huamei. "For platforms like Fliggy, scaling by gathering more hotel resources is a prerequisite before technology can make a difference and generate profits."

"Considering that the two accidents took place after new Boeing 737 MAX 8s were delivered, and went down just minutes after taking off, within five months of each other, they have some degree of similarity," the administration said in its statement. The administration grounded all Chinese Boeing 737 MAX 8 jets on March 11.

"Considering the positive recovery of market demand as the epidemic is getting under better control in China, we are confident in achieving our expected whole-year target of double-digit growth," said Li Shuguang, president of Wuliangye and an NPC deputy, on the sidelines of the ongoing two sessions in Beijing.

"Construction machinery sales typically peak in February, March and April, contributing almost 40 percent to 50 percent to the industry's annual revenue," he said. "We expect the growth rate will start to slow down in the third quarter to a normal level, as the effect of a low comparison base fades."

"China's music instrument market is leaving the low-threshold competition, and it's hard for companies without competent technologies to sustain," he said.