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"Chinese authorities at all levels have rolled out measures to help travel businesses recover their operations," Dai said.

"China remains one of the major markets for Ingka," said Stéphan Deville, president of Ingka Group Real Estate (China).

"Considering that we've connected up to 27,000 banks around the world in 45 million end points, if we see a good idea, we aren't just going to sit here and let someone else do that."

"Companies hit by the coronavirus can get an allowance from the central government when they organize online skills training for their workers," he said. "Companies and workshops that hire people stricken with poverty or those having difficulties finding jobs will be given subsidies for no more than six months."

"Crucially, consumer spending is catching up after a slow start and complementing what has been an industrial-led recovery," the report commented, foreseeing retail spending to get a boost from the Singles' Day shopping festival, which fell on Nov 11.