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"Citizens should not leave the city when it's not necessary," she said. "The outbound travel should continue to be suspended and large-scale event should not be held."

"Continued strength of the Chinese yuan sets the foundation for a more affirmative outlook for financial opening up, as well as further progress in RMB internationalization this year. In this regard, financial institutions with cross-border capabilities stand to benefit," the CICC said in a note.

"China, Japan and South Korea took different approaches in dealing with COVID-19, and they can share lessons with ASEAN," Pitlo said. He also welcomed the planned signing of the RCEP, saying that a new free trade agreement like the RCEP can help economic recovery.

"Currently, investors are interested in the chip industry, but it is important to ensure the right investment direction. It is important not to put all the money into semiconductor design. China is lagging behind advanced countries in chip material, equipment and manufacturing, all of which need heavy resource inputs," Ding said.

"China will find other countries, replacing the US, to export goods, and the strategic adjustment is on the right path," he said.