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"Consumers setting at home and not out spending money because they fear catching the coronavirus is the ultimate negative outcome," Scott Wren, senior global market strategist at Wells Fargo Investment Institute, said in a research note.

"Chinese consumers know very little about Moroccan wines. Therefore, Red Farm will adopt more modern and fashionable outer packaging and focus on marketing," he said.

"Companies need to seek refined operations to reduce the cost and then offer better services to retain users," Sun added. "The bike rental fare hike may help companies ease the pressure to turn profitable. However, bike-sharing platforms may also face problems such as the loss of many users. As the ride costs the same or even higher than the bus, shared bikes may lose certain advantages."

"China's macroeconomic indicators, however, remain stable at the moment, with GDP growth rate in the range of 6.7-6.9 percent for 12 quarters running. I believe Chinese companies and foreign companies in China are able to survive this, achieve better development," he added.

"China's job market remained stable and achieved progress in 2017 with core indicators beating expectations," ministry spokesperson Lu Aihong told a press briefing.