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"Combined revenue of retail and dining in the seven-day Spring Festival holiday totaled 1 trillion yuan (3 billion) in 2019. During the same period of this year, the loss of Chinese dining business operators may reach 500 billion yuan," the report said.

"China will continue to implement its proactive fiscal policy and prudent monetary policy, and strengthen its counter-cyclical adjustments. Both industrial production and consumption should be further upgraded and boosted," Ning said.

"Chinese users didn't follow the typical pattern of going from PC to laptop to mobile but jumped straight to smartphones instead," said Christian Henschel, co-founder and CEO of Adjust, a mobile measurement and fraud prevention company.

"Companies won't have to pay customs duties for the construction materials they use in the park, either," Yaroshenko said.

"China's vital position in manufacturing, services and the retail sector won't change. The outbreak has not caused a notable shift in the consumption trend, supply and production chains," he said.