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"For many Chinese, mobile payment has become an essential part of their everyday lives. It not only changes the lives of young people, but also provides convenience for the elderly," said Zhang Jianjun, an economist based in Gansu.

"Fiscal policy must play a central role in mitigating the social and economic impact arising from the COVID-19 pandemic while at the same time providing the needed impetus to achieve a reactivation of economic activity that would help steer the region towards sustainable and inclusive development in a post-COVID-19 world," the United Nations agency said in its latest report.

"Growth in China … recovered more than expected in 2017, and is going to continue to recover in 2018. Yields in 2018 are expected to be better than that of 2017," the research note said.

"Grain output reduction may hold back increases in farmers' income, given the reduction in fields sown in the short run," Li said. "But in the long run, the policy change will benefit farmers" because China will increase transfer payment funds to the countryside and put more fiscal resources in its poverty-reduction campaign, both of which will raise farmers' incomes.

"Having an immediate strategy of action not only reduces the number of infected individuals but protects the healthcare system, so people who go to the hospital can be successfully treated," said Maurizio Trevisan, dean of the College of Health Sciences at VinUniversity in Hanoi.