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Chinese and Rwandan officials cut the ribbon to mark the opening ceremony of the photography show. [Photo by Tang Ying]

Chinese economists saw financial opening-up as an opportunity to develop the local service sector, but it also requires high-standard regulatory measures to prevent potential market vulnerability.

Chinese consumers appeared somewhat more optimistic, with 68 percent of those surveyed believing that sharing economy platforms bestow greater benefits than risks. Generally speaking, 52 percent of respondents cited concerns over personal safety, followed by quality of service and damage to assets (both with 42 percent), theft (40 percent) and lack of sufficient safeguards if something goes wrong (38 percent), the Lloyd's report added.

Chinese e-commerce giant JD has mobilized its resources across the company, from retail, logistics, technology to health and other departments or wings, to provide immediate support for the anti-virus fight.

Chinese companies are more frequently adopting cloud technologies to resume operations, recruit employees and revive economic activity as the novel coronavirus outbreak comes under increasing control across the country.