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"Efficiency, honesty and austerity allow us to increase the budget to strengthen protection for social programs and priority projects by 622.556 billion pesos," he said.

"Due to the outbreak, consumers reduced travel and try to avoid visiting the brick-and-mortar stores. E-commerce platforms providing fresh food are seeing soaring demand," said Jason Yu, general manager of consultancy Kantar Worldpanel in China.

"Departments concerned are working on the subsidy scheme for 2019 and the overall guiding principle is to prevent the withdrawal of subsidies from causing turbulence in the sector," said Miao when addressing the annual China EV100 Forum held in Beijing.

"Debt-to-equity programs work well for companies that are facing short-term obstacles but are expected to see profits in the future," said Xu Gao, chief economist with China Everbright Securities. "The key is to ensure the programs can be implemented using legal means and with high transparency."

"Everyone will grow old one day, I think it is important for us elderly to take care of each other because if we don't, no one else will," Kyouren said.