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"For hundreds of years, Guangzhou has been a hub of trade and commerce," said Luo Zheng, an official at Guangzhou commission of commerce.

"Global sales of OTT TVs will amount to 260 million units this year, with the revenue from advertisements reaching 7 billion yuan to 9 billion yuan. Moreover, the deployment of 5G technology will make the transmission of 8K content possible, as well as boosting the development of the internet of things," Peng said.

"Following this new transformation, the Yu Garden area will become a more appealing landmark for culture, shopping and services in Shanghai," said Xu Xiaoliang, the chairman of Shanghai Yuyuan Tourist Mart Company.

"Greater emphasis on social finance and sustainable development will likely be one of the lasting outcomes of the coronavirus crisis," said Matthew Kuchtyak, an analyst with Moody's Investors Service.

"For most Chinese carriers, the asset liability ratio has been over 70 percent. The large number of flight cancellations and refund of passengers' tickets make them more difficult for airlines. They have little cash inflows so they have to cut costs and strive for support from the government," Lin said.