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"China's regulators were trying to buck the trend by keeping the yuan stable for a long time, but they are probably just going to let it follow market forces at this point instead of using precious dollar reserves to defend the yuan," Ann Lee, a specialist in China's economic relations and adjunct professor at New York University, told China Daily.

"Chinese people are used to paying for things with their phones, so it will be like home for them," Wei said.

"Chinese brandy producers can embrace precious opportunities to develop the domestic market if they can carry on Chinese wine-making culture, (and) use world class winemaking skills to ensure the brandy quality," said Wang Qi.

"Currently, the world is facing a profound change. The global security situation is complicated," said Nuctech Chairman Chen Zhiqiang.

"China's PE market will reembrace diverse opportunities after the epidemic. Similar to the SARS (severe acute respiratory syndrome) outbreak back in 2003, investments started to rebound in the fourth quarter of that year," said Li Chenghuan, partner at global management consulting firm Bain & Company.