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"Even if my factories get eliminated (as part of the area development), internet-led businesses might be welcome, because cables will be still needed in the development of Xiongan," he said. "They will be needed in buildings and transportation facilities such as subway train systems," Xu said.

"Even without new restrictions or lockdown orders, new waves of the coronavirus could by themselves weigh on consumer and business confidence and prolong the return of economic activity to prior peak levels," they said.

"Despite some recent increase in risk, we do not view stock-pledge debt as a systemic danger," said Gao Ting, head of China Strategy at UBS Securities.

"Despite the fact that ivory has been appreciated by the Chinese since the Shang Dynasty more than 3,000 years ago, and rhino horn items since the Ming Dynasty (1368-1644), prices were never ramped up in the domestic market," Ma says.

"Domestic demand from companies such as Huawei Technologies Co has increased, and a number of foreign companies have set up their factories in China to cater to domestic demand instead of exporting overseas," Zhou said.