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Apple is "forecasting a stronger Q2 than analysts predicted, but the fact that the coronavirus is spreading in unpredictable ways in China, where Apple has most of its hardware built, could upset this optimistic forecast", said eMarketer principal analyst Yoram Wurmser.

As BMW is speeding up digitalized transformation, cross-industry cooperation and exchanges are a must, said Goller.

As China's financial regulator tightens control of property loans, many developers face liquidity pressure, and may turn less active in buying land reserves in sub-prime locations, according to Zhang.

Around 9:30 am, Zhou Jinli, a resident of Handan, Hebei, said that after heavy rainfall, flooding caused cars to look like "dumplings in the boiling pot". "The rain started tapering off after 11 am," he said.

Apple Inc has stepped up efforts to attract more Chinese developers as the iPhone maker is looking to boost app services in its key market amid better market expectations for the fourth quarter.