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"Companies are seeing their gap widening in brand recognition and sales. Some are struggling and on the verge of bankruptcy," Chen said at a press conference last week in Beijing.

"Coming on the heels of the central banks, there is increasing optimism that politicians are starting to understand the scale of the economic stop coming our way as the death toll across Europe and the US continues to rise," Michael Hewson, chief market analyst at CMC Markets UK, said in a research note.

"China's Belt and Road Initiative and South Korea's 'Northeast Asia plus' policy can be cohesive. There should be a lot of common ground and a lot of potential for cooperation between the two countries," Jung said, adding that the economic development between China and South Korea has formed an interdependent relationship, meaning "we must seize the state visit as a chance and work together in the future".

"Convenience store operators' large scale in the country has provided investors returns," said Pei Liang, secretary general of the China Chain Store & Franchise Association. "The new momentum coming from internet giants' involvement has intensified competition and altered the layout of the sector."

"Consequences for violating these sanctions will remain in place" until the final and fully verified denuclearization of the DPRK is achieved, said Mnuchin.