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"Even though I'm a foreigner, I have always dreamed of finding a way to learn, share and discover Chinese culture," Linden said. "The Linden Center allows me to do just that."

"Even when the pandemic ends, they may not want to buy more as their consumption capacity has decreased and their consumption idea may have also changed," Zhou said.

"Earnings momentum has cooled this year along with the economy, and we expect the trend to extend into 2019," said Gao Ting, head of China strategy at UBS Securities.

"Favorable economic conditions make it a particularly opportune time to further reduce macroeconomic vulnerabilities and pursue reforms that target 'better quality, more efficient, fairer, and more sustainable development', as emphasized by President Xi Jinping during the 19th National Congress of the CPC in October," said Elitza Mileva, senior economist of World Bank and co-author of the report.

"Despite the economic contraction, Hubei's recovery has gained a firm footing with its solid industrial foundation, huge market potential and its strong innovation capabilities," Ye said.