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"Companies need to focus on refined operations as well as seeking new ways to turn profitable. They should try to reduce the cost, improve the efficiency, improve the service offerings and provide better user experiences."

"Considering the rising financial risks in the post-COVID period, it is not a good time to fully open the RMB capital account," said Wang."The financial derivatives market for risk prevention is imperfect. Risks in the international financial market may be exposed in the future given the impact of the pandemic."

"China was the country's biggest source of imports with 15.3 percent share in March 2018. Import payments to China stood at .24 billion, posting a decrease of 12.0 percent from .41 billion in March 2017," the PSA said in a statement.

"China's vital position in manufacturing, services and the retail sector won't change. The outbreak has not caused a notable shift in the consumption trend, supply and production chains," he said.

"Consumer demand of the 1.4 billion population is changing, and the Chinese people need more imported goods to meet their demands, which means a huge potential for growth," said Victor Gao, vice-president of the Center for China and Globalization.