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"Fitch was the first international rating agency to set up an office in the country in Beijing in 1997, and we are among the first to position ourselves for the onshore rating business - having divested our Chinese joint venture earlier this year," added Li.

"For example, some buyers sued sellers in our court after finding trademarks of sportswear or luxury clothes they bought in online stores were falsified," she said.

"For instance, Shanghai has always been the market where leaders take care of innovation and leaders are focusing on, and investing in, key industries and innovation," he said.

"Governments around the world have come to terms with the harsh reality of COVID-19, and have followed China's measures to fight the virus spread. But the more effective the quarantine efforts are, the more costly it will be economically," said Hong Hao, managing director and head of research at BOCOM International Holdings Co, a Chinese financial services company.

"For airlines that have effective prevention and control measures in place and meet the requirements, we will make good on this. For those that do not take adequate prevention and control measures and trigger the 'circuit breaker', we will take decisive action," Xiong said.