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As the two largest economies in the world, the United States and China must work together and get beyond trade disputes, he said.

As the company's retail clients took a hard knock from the prolonged protests in Hong Kong, Li saw many of its publicly-traded clients in the finance sector bucking the trend and, at the end of the day, had offset a considerable amount of losses on the retail side.

As they did on Monday, US industrial companies including heavy equipment maker Caterpillar and aerospace company Boeing – the biggest US exporter to China –declined on Tuesday, dropping more than 3 percent each on the New York Stock Exchange.

As the epidemic in China is expected to be brought under control gradually, domestic listed firms may start mask exports around the middle of the year, said Liu from the CUFE.

As well as overcoming the physical challenges posed by COVID-19, there is a need to tackle the psychological fallout from the pandemic, Li Yingxue reports.