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"China will step up the in-depth crackdown of the banking sector, while improving its regulatory regime in 2018," said Zeng Gang with the Institute of Finance and Business under the Chinese Academy of Social Sciences.

"Chinese beers are encountering a significant premiumization over the past few years as Chinese consumers become more sophisticated," said Andre Feldmann, director of Asia Operations at Barth Haas Group, a supplier of beer hops.

"Consumer's short-term expectations improved, and when coupled with solid employment growth, should be enough to continue to support spending and economic growth in the near term."

"Consumer demand of the 1.4 billion population is changing, and the Chinese people need more imported goods to meet their demands, which means a huge potential for growth," said Victor Gao, vice-president of the Center for China and Globalization.

"Compared with SARS, COVID-19 is a very cunning, being more infectious yet in some cases without obvious symptoms."