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"Had the Fed not announced a cut, the decision would have amounted to disappointing news, which would have fueled further panic," analyst George Selgin told The Washington Post. "What matters most isn't what the Fed has done today, but what actions it signals for the future."

"Having heard that TCM is effective in preventing and treating COVID-19, my family and I had long been thinking of getting some capsules. Initially, it was hard to buy TCM products in Singapore. Now, to our delight, Lianhuaqingwen capsules are available at local pharmacies. I bought some for my family."

"For its orderly and healthy development, industry participants should join hands to set some rules and framework and comply with them," Xiao added.

"From the government perspective, that's also 2,400 new taxpayers, who are contributing to the city of Moraine that struggled after GM left," he said. Antani said that the city is now seeing a boon from taxes paid by Fuyao employees.

"Fixed-asset investment, especially infrastructure, may slow further in the coming months as tighter financial regulations, especially regarding shadow banking, are starting to bite," he was quoted by Bloomberg as saying.