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As of Tuesday morning, 200,182 people in the US had died from COVID-19, with 6.87 million infected with the novel coronavirus, according to data compiled by Johns Hopkins University, which registered a global death toll of 966,152.

As multiple data have revealed a grim economic circumstance, the HKSAR government will closely monitor the situation and carry out new relief measures, Lam told a press conference.

As of the end of last year, the Chengdu branch of CIB had provided green financing to 370 clients, and the outstanding green finance had exceeded 20 billion yuan, up by nearly 40 percent year-on-year, said Ye Xiangfeng, president of the bank's Chengdu branch.

As macro policies and economic reforms filter through, growth will recover and support the prime tasks of stabilizing the jobs market and supporting business, they said.

As in other emerging markets, prices of luxury goods in China are being adjusted downwards to bring them in line with global markets, which is encouraging more Chinese consumers to purchase luxury brands in the domestic market.