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"Corporations are diversifying their investments by increasing RMB bonds, instead of focusing on investment in US dollar bonds," said Ivan Chung, head of China credit research and analysis at Moody's Investors Services.

"Consumers nowadays have become increasingly sophisticated and therefore look for value before paying a premium price," Li said.

"Coronavirus spreads very fast. If we don't take it seriously now, it can pose a serious threat in the near future to our country. If we don't follow countrywide lockdown for the next 21 days, our country can be gripped by Coronavirus and pushed back by 21 years," warned Modi in a televised address to the nation.

"Compared to new homes, the secondary market can serve as a better reference. Especially in first-tier and major second-tier cities, where transactions of pre-owned homes account for more than half of their total trading, the figure has surpassed 80 percent in Beijing and Shanghai," said Zhang.

"Considering the White House's recent track record on event hosting, we never expected its 'packed season of holiday parties' to spread cheer," freelance writer Claire Lampen wrote in her article carried by The Cut, New York Magazine's fashion and lifestyle site, on Wednesday.