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"Fiscal policy has advantages compared with the monetary policy, as it can be targeted and temporary, with a short lag. Thus, fiscal policy is more appropriate and should play the lead role in dealing with the one-off short-term impact of the epidemic," said Zhang Bin, a senior researcher of the China Finance 40 Forum, a think thank.

"For 40 years, Shenzhen has explored a unique development path to driving China's modernization and achieving the goal of common prosperity, " said Tao.

"From 2015, we launched two batches of pilot ecological enterprises, with Baogang Group among them. Baogang Group, as a raw material enterprise, is serving as a great example in environmental protection," he said.

"Finally, clients trying to make a deal often have their hands tied, as the drastic changes in the economic outlook force them to adjust on a commercial basis and assumptions, as well as projected earnings in the short-to-medium term future. Needless to say, international travel restrictions and social distancing rules also hamper efforts to meet in person where interpersonal interactions are key to the deal making process," said Tang.

"Global economic growth is slowing, but the US is comparatively better positioned that most other regions," Goldman Sachs said. "The consumer accounts for 70 percent of the US economy, the unemployment rate stands at 3.6 percent — the lowest rate in 50 years — wages are rising, households have been (reducing debt) for a decade and consumer confidence remains strong."