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"Even though China is the world's largest beer producer, the country's beer products have been highly dependent on imported malting barley for a long period," said Clysner, adding coupled with the global market uncertainties occurring in recent years, it is imperative for the country to grow more malting barley to ensure the raw material supply in this sector.

"Do not daydream about China making a deal using its territorial sovereignty and national reunification," an unnamed spokesperson said in a statement, calling for a halt to intervention in China's domestic affairs, including Hong Kong affairs.

"Due to the economic fallout from the COVID-19 epidemic, the upper limit for China's inflation target could rise to 6 percent," said Cheung. The People's Bank of China, the central bank, is capable of adjusting the monetary policy targeting a certain range of the price index, he said, adding that the inflation target can be scaled down later, so as to temper hyperinflation expectations.

"During an economic recession or when the economy suffers external impacts, timely measures must be taken to stabilize the financial market and boost public confidence," Yi said.

"Designation was blatant/errant political act," Sobel tweeted Monday.In a recent statement, the People's Bank of China, the central bank, said China will continue to let the market play a decisive role in exchange-rate formation and keep the renminbi's exchange rate generally stable at a reasonable and balanced level.