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"Fiscal policy has advantages compared with the monetary policy, as it can be targeted and temporary, with a short lag. Thus, fiscal policy is more appropriate and should play the lead role in dealing with the one-off short-term impact of the epidemic," said Zhang Bin, a senior researcher of the China Finance 40 Forum, a think thank.

"From July 12 to 14, heavy rain of about 150 mm will move eastward to the provinces of Zhejiang and Fujian. For the next two days, it will go northward to Anhui province," he said.

"Foreign institutions' willingness to operate in China should be much stronger after the removal of ownership caps, which used to be the major factor contributing to their lagging development in China," said Zhang Deli, chief macroeconomic researcher at Yuekai Securities in Guangdong province.

"Given the impact that the COVID-19-generated crisis has had on the aviation industry, LATAM has been forced to make a series of extremely difficult decisions in the past few months," said the airline's CEO Roberto Alvo in a video statement.

"For instance, human resources personnel should not only know how to recruit people or calculate KPI (key performance indicators), but have a deep understanding of the company's business and its future development strategy."