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"Global investors bought 347 billion yuan and sold 277.1 billion yuan, leading to a net purchase of 69.9 billion yuan," said the center.

"Growth may rebound over July-September driven by private consumption. But capital expenditure could slow by then. We need to be mindful of the risk that economic activity could slump again if Japan is hit by a second wave of infections," Minami said.

"For the purpose of disaster recovery, our bank is building a data center in Beijing, which is expected to be completed by the end of this year," Sun said.

"Frugality is a traditional virtue of the Chinese nation, and we should still promote it even in an age of abundance," Zhu Yi, an associate professor at the China Agricultural University, was quoted by the newspaper as saying.

"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.