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"China, like a lot of Asian countries, has a culture where parents want their kids to go to university. What we have to do is create a narrative depicting how skilled jobs are a good and better career option, and how it contributes to the community," he said.

"Crowding, pollution and traffic - this is what people say about Manila," he said, gesturing at the gridlock.

"Chinese consumers have already developed the habit of buying almost everything online. The expensive, large-size home appliances can now also be bought with a mouse click, with e-commerce companies building trust with consumers and offering free installation services," said Lu Zhenwang, CEO of Shanghai-based Wanqing Consultancy.

"China sacrificed the economy of Hubei province to buy time for the world to be better prepared for the virus. As the mobility of the country's entire population of 1.4 billion people was restricted, its economic activities literally ground to a halt for weeks," he said.

"Combined with reports showing strength in Chinese and European manufacturing, there is probably more pain ahead for the dollar as investors anticipate money flowing into other economies," Mark McCormick at Toronto Dominion Bank was quoted as saying by Bloomberg.