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"China is very dear to us at Standard Bank, " Ebden said. "This year to celebrate the Chinese new year and show our solidarity with China which is dealing with a difficult virus, we decided to wear red across all the 22 African countries where the Standard Bank has a presence. We will continue to raise awareness and do what we can even in a small capacity to help the Chinese people." 

"By sacrificing the increase of fiscal revenue, we gain enterprise performance and market vitality," Xiao said. "This is the core of implementing policies of cutting taxes and fees."

"China is likely to become more determined to develop renewable energy as part of its efforts to reduce energy imports from a longer term perspective, as the COVID-19 has worsened geopolitical tensions and international trade disputes that will not be eased anytime soon, increasing China's energy security concerns," she said.

"China is an extempore reference for any developing nation around the world about how a nation ... can move forward in the implementation of its development plans," said Lenni Montiel, deputy regional director of United Nations Development Programme's Regional Bureau for Latin America and the Caribbean.

"Central banks can act quickly to help ease the tightening of financial conditions by injecting liquidity and cutting interest rates, thus preventing a possible credit crunch," said Tobias Adrian, an official at the International Monetary Fund. "In fact, markets have been anticipating aggressive easing by central banks, as reflected in the sharp fall in sovereign bond yields in many countries around the world.