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Analysts on average were expecting total revenue of .7 billion, according to Thomson Reuters I/B/E/S.

Analysts expect a sharp economic contraction in the second quarter. Unemployment is expected to spike and consumers are expected to reduce spending. Consumer spending represents about 70 percent of the US economy. A sharp reduction in spending and demand could lead to a downward spiral.

An oft-asserted critique is that China's SOEs have a lower return on capital than private companies do, implying that the SOEs use resources less efficiently. It's true that the return on assets in the private sector was 7.6 percent versus 3.3 percent for SOEs in 2019, according to the National Bureau of Statistics. But the claim that this implies that these lower capital returns reflect poor efficiency is simply an inaccurate interpretation of economic theory.

An outside view of Barclays Center on Aug 9, 2016 in Brooklyn, New York. [Photo/VCG]

Analysts pointed out that the congress has not only opened a new chapter for China's development for the new era, but also has contributed Chinese wisdom and solutions for the world at a time when global economic growth still faces uncertainties.