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"China made huge sacrifices to control the epidemic," he noted. "It extended holidays, called on people to isolate themselves at home and delayed the resumption of work, which will definitely hurt the country's economy."

"Case handling has been postponed for the epidemic, but legal services never stop," said Zuo, from Guosen Law Firm in the province's capital, Wuhan, also the epicenter of the outbreak.

"But the data was very limited, and it made me suspicious about the speculation that the yeti legend represented some strange, hybrid bear roaming the Himalaya Mountains.

"China has deepened and widened the opening-up of its financial sector by issuing licenses to foreign investors, allowing them to establish wholly owned companies or take a controlling interest in joint ventures in major business segments of the financial sector. It means that foreign investors can make better use of what they put great emphasis on－their management capabilities and management authority," said John Qu, senior partner at McKinsey, at the 2020 Global Wealth Management Forum in Beijing.

"By encouraging the establishment of creditor committees, our banking association guided private companies to correctly understand what a reasonable debt load is. Members of the creditors committees took concerted action to help private firms comb through their debt structure, dispose of idle assets, return to core business and deleverage," she said.