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"Compared with other countries, the service trade in China has large volume, while imports account for a relatively large proportion," Li Jun, director of the research body's international service trade institute, said in an interview.

"China's economic growth, which is above 6 percent, is relatively high globally and its inflation remains between 2 percent and 3 percent, which is appropriate," said Tang Jianwei, chief researcher at the Financial Research Center of the Bank of Communications. "As inflation level matches economic growth, China does not need to drastically loosen its monetary policy stance."

"Consumers setting at home and not out spending money because they fear catching the coronavirus is the ultimate negative outcome," Scott Wren, senior global market strategist at Wells Fargo Investment Institute, said in a research note.

"Cross-cultural communication matters a lot in carrying out overseas CSR efforts for central SOEs, especially in the sector of community service," Zhong added. "It also matters to enterprises' daily operations as they employ workers from different cultural backgrounds."

"Chinese going abroad for investment or trade have become a strong pull for tourism, and the growing number of Chinese tourists abroad will also stimulate trade," said Zhang Jianping, director of the Regional Economic Research Center of the Ministry of Commerce. "But it is also worth noting that current tourism services and infrastructure in China have not yet satisfied people's increasing demand for travel."