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And Zhao says systematic language training is indispensable and the most efficient way to achieve the goal.

Analysts noted the impact of COVID-19 has been merely temporary. As the contagion is being contained, a recovery in demand for construction machinery and equipment is expected, said Xu Hao, an industrial analyst at Minsheng Securities.

Analysts expected sales to drop 12.3 percent. Consumer spending represents about two-thirds of the US economy.

And radio remains a significant force in China. "A lot of people in China still listen to the radio, particularly when they are on the road," said Lai. "It remains not just an important tastemaker, but also a possible new revenue stream to tap there."

Analysts said that they suspected the utilities had responded to the latest call on reform by the authorities and halted share trading, because the coal and electricity giants were holding merger talks.