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"China, like the United States, has a problem with an uneven distribution of wealth, which can result in social tension and popular resentment toward the moneyed class," Moser says.

"China will further open up some nonconvertible items under the capital account, and those already convertible will see more liberalized trading," he said.

"Competition among reganmian restaurants is intense－there are hundreds of them selling the noodles in Wuhan. At the same time, rental and labor costs are much higher in Wuhan than in neighboring cities," he said.

"Companies that are able to get the benchmark interest rates are few, and in most cases, bond-issuers have to accept banks' buoyancy, which is more than 20 percent. So, the cost of loans may end up higher than direct financing costs."

"Considering the epidemic's broad reach across many countries, the extensive cross-border economic linkages, as well as the large confidence effects impacting economic activity and financial and commodity markets, the argument for a coordinated, international response is clear," IMF chief economist Gita Gopinath said Monday.