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"Generally speaking, higher-income groups are a lot less vulnerable to the economic shock compared to the lower-income population," said Peng. "So these demands did not simply vanish－people just lack the previous common purchase channels, such as during outbound travel or duty-free shops."

"Global investors should strengthen portfolio diversification, as volatility is intensifying amid economic slowdown and policy uncertainties," Zhang said.

"For at least six weeks, the federal government took practically no action in the US. The virus was given a free pass to spread nationwide, and many other countries were able to avoid catastrophes by taking swift actions," he noted.

"For business operators, running online fitness businesses gives them less pressure in rental, utilities, equipment and human resources compared with offline gyms. Online fitness can also attract a large number of consumers through various channels like social media, livestreaming platforms and apps," he said.

"For it to work, it has got to be something that has wider ownership and acceptance than just being a Beijing initiative," he said.