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Daniel Ikenson, director of the Cato Institute's Center for Trade Policy Studies in Washington, said on social media: "The Chinese did not devalue their currency. The yuan has been depreciating because of the tariffs and it is no longer tenable for China to continue to prop up the yuan. There is no manipulation."

Darang Candra, head of esports research at Niko Partners, called esports the “No. 1 driving force for growth in the gaming industry” as it’s able to reach a global audience regardless of what language people speak, and make the game understood across the world.

Data from market tracker Wind Info showed that the Shanghai Composite Index and the Shenzhen Component Index surged almost 24 percent and 37 percent respectively during the first quarter of this year, outshining most of the other major indexes of the world and overtaking S&P 500 Index in the United States, which climbed 12 percent in the same period.

Deer Jet, the largest business jet operator in Asia, said that as novel coronavirus outbreak spreads across Europe, market demand from Chinese passengers who can afford to fly from Europe to China on chartered business jets has been vigorous. New business opportunities have emerged for the sector, company officials and analysts said.

Declining to share information like sales revenue and profit figures, Yuan said the cat business is not for everyone as entry barriers, in the form of specialization and limited supplies, are high. "By the way, I don't want more competitors," he said in a lighter vein.