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Burberry and H&M were among fashion giants to sign on in late 2018 to the Fashion Industry Charter for Climate Action, launched at the United Nations Climate Change Conference, COP24, in Poland. The charter contains a vision to achieve net-zero emissions by 2050. Ralph Lauren is not a signatory but is exploring the call to action.

Bregolat also talked about the differences between China and the EU in such areas as market access and bilateral investment, expressing the hope that they could solve their differences through negotiations.

Breaking the implicit guarantees is expected to shift risk-averse investments into safer instruments and reduce the demand for illiquid corporate bonds, which may slow down the overall growth of credit, said Li Qilin, chief macroeconomic researcher at Lianxun Securities.

Buoyed by the second-quarter activity, total first-half investment rose to more than 27 billion yuan (.86 billion), according to JLL Beijing's Second Quarter Property Market Review report by Jones Lang LaSalle Inc.

But Chan said that it will not be a quick, robust V-shaped recovery like the one after the SARS epidemic in 2003.