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"Consumption demand has been shifting gradually from goods to more services. This will also help maintain labor market stability during the period of economic transformation," Qu said.

"Compatriots on both sides of the Taiwan Straits are one family. We welcome and support the exchanges between cities on the two sides to increase people's sense of gain, on the basis of adhering to the 1992 Consensus and the one-China principle," he said.

"China's capital market will be more open toward the rest of the world and welcome quality overseas financial institutions and long-term investors to operate and invest in China," the commission said, adding that domestic and foreign players will share the benefits of the long-term stability of China's economic development.

"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.

"China regulations are also so strict that in many cases, they are even more strict than in central Europe or Finland. It's good for the whole industry to have more firms operate in a sustainable way," said Nikkila.