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"Central banks' balance sheets are expanding extremely rapidly as they buy up large quantities of public and private assets and increase their lending to financial institutions in their efforts to counter the damaging economic impact of the coronavirus," Fitch said in a report.

"China needs tempered hardwoods for certain looks and characteristics," he said. "China can get some of that from Europe but not much. We are a reliable supplier for them – far better than Europe, and we do it at a good price with good quality."

"China is already a leader in e-commerce in many ways, especially in online payment that enables consumers in big cities to pay with mobile phones. Everything from supermarket shopping to utilities and taxi fares can be paid via an e-wallet," he said.

"China has a fantastic total addressable market for so many businesses and certainly in the gaming business," Robert McCooey,chairman of Nasdaq Asia-Pacific told Xinhua, adding that DouYu's debut on the Nasdaq "is a perfect match between the US investors and the Chinese company."

"Changsha has the comparative advantage in manufacturing, so we see upgrading the manufacturing sector as the key to driving high-quality growth of the city," said Hu Henghua, Party secretary of Changsha.