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"Chinese culture is different to that in the rest of the world, especially the European Union. In China, people work harder and are more willing to experiment by trial and error, while Europeans work in a more structured way. By the time people in the EU have come up with a structured plan, the Chinese have already developed a solution," he said.

"China's regulators were trying to buck the trend by keeping the yuan stable for a long time, but they are probably just going to let it follow market forces at this point instead of using precious dollar reserves to defend the yuan," Ann Lee, a specialist in China's economic relations and adjunct professor at New York University, told China Daily.

"Chinese art is so quick, is so evolving, that you really have to be in Beijing, in Shanghai, in Guangzhou every few months to see what's going on, because that's what is really happening," he said.

"China's economic recovery was not strong enough due to limited improvement in demand, and some companies didn't replenish inventories," said Zhong Zhengsheng, chairman and chief economist at CEBM Group, a Caixin subsidiary. "As the pneumonia epidemic is putting pressure on the economy, policymakers need to make efforts to ensure no major disruptions to improving business confidence."

"Covering Asia, Latin America, Africa and Europe, the Belt and Road Initiative is expected to help lift 7.6 million people out of extreme poverty and 32 million out of moderate poverty."