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"China has gained new momentum in the commercialization of methanol vehicles and already leads the world in both scale and technology," said Wei Anli, secretary-general of the group responsible for the country's methanol vehicle trial work under the Ministry of Industry and Information Technology.

"China is among those countries," he said while also listing the Republic of Korea, Singapore, Japan, New Zealand and Australia.

"Catering enterprises generally don't have much assets in stock－to reserve cash for two-and-a-half months at maximum. That's why continuous revenue plays an important role," he said, adding how long before circumstances improve would determine the survival of many companies in the sector, especially small- and medium-sized firms.

"China has arrived at a turning point in the 'new era' where citizens not only live in a physical world but have a digital life. Everyone can be a 'digital citizen'," said Wang Jing, CEO of Newland Hi-Tech Group Co Ltd, a Chinese wireless telecommunication technology company that developed the Fuzhou D-ID system.

"China continues to be a key priority for Airbnb. We believe that we will continue to develop strongly in this market."