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Analysts foresee multiple easing measures by the PBOC, including a cut in the one-year benchmark deposit rate, as coming out soon, but they discount the possibility of a massive stimulus package.

Angelo Giardino, CEO of milk, ice cream and industry sales, Nestle China, said that Nestle is preparing to integrate its long experience and achievements in scientific research in the field of nutrition with modern technology to help middle-aged and elderly groups balance their diet to improve their nutrition in a convenient way. Giardinor said the efforts to embrace digital tools is to engage more with daily consumers among the middle-aged and elders in China as they are frequent users of internet and mobile devices for social, gaming and entertainment contents. The platform is also a two-way communication for Nestle to better understand their consumers through data collecting.

An outbreak at a warehouse of e-commerce firm Coupang in Bucheon, west of Seoul, has seen at least 36 cases so far.

Analysts say that all automakers will be affected as the epidemic continues but startups will be more vulnerable because they are in greater need of selling more cars in order to lure further investment.

And authorities in Shenzhen, Guangdong province, are coming up with a raft of measures to stimulate the business.