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"During the most severe period of COVID-19 in the first quarter and after the Chinese New Year, the top three airlines lost about 100 million yuan each per day. But since the second quarter, things have improved thanks to the effective measures to contain the contagion in China," said Chen Zhuo, a senior analyst with China Merchants Securities.

"Don't listen to the debt trap noise. The Chinese debt is less than most Western countries." said Monyae.

"Digital currency has the ability to track money electronically as it changes hands, and it would be useful in anti-money laundering and fighting other illegal activities in the financial services industry," he said, adding China is one of the leading markets when it comes to implementing advanced technologies in the financial services sector.

"Defund the police", a rallying cry from protesters angry at Floyd's death in Minneapolis police custody two weeks ago, seemed to have hit a wall at the White House and on Capitol Hill on Monday, as Democratic lawmakers proposed sweeping legislation to combat police violence and racial injustice.

"Due to the virus, people would like to stay at home instead of traveling around these days, so we decided to focus on consumers from Huzhou and neighboring cities as a cushion against the slumping business," he said.