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"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."

"China stands ready to work with all parties together to promote open, linked, cooperative and green developments, and release positive signals to firmly support multilateralism, and join hands in building an open world economy, fostering a global partnership with interconnectivity and promote global development," Yang said.

"China's transition to a consumption economy focused on domestic growth is progressing on a stable path, with strong growth drivers especially for Dow's products," said Andrew Liveris, Dow's chairman and CEO.

"China's tourism industry is entering a period of high-quality development, marked by market-oriented demand," said Yang Jinsong, a researcher at the China Tourism Academy.

"Combined with products for palladium and platinum, this will help China complete its all-category pricing for metals," he said.