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"China's financial and asset management markets are full of vitality and opportunity. As individual investors' demand for wealth management keeps growing and regulatory authorities continue to introduce proactive and open policies, the markets will be provided even bigger boosts," Lin noted.

"China's rapid rise reflects a strategic direction set from the top leadership to developing world-class capacity in innovation and to moving the structural basis of the economy to more knowledge-intensive industries that rely on innovation to maintain competitive advantage," said WIPO Director-General Francis Gurry.

"Crude has become a bigger problem for markets than the coronavirus," Adan Crisafulli, founder of Vital Knowledge, told CNBC. "It will be virtually impossible for (the S&P 500) to substantially bounce (back) if Brent continues to crater."

"China's economy is important," Yeboah says, explaining why he wants to find a job with a Chinese company. He believes that working for such a company will help him gain valuable experience from the world's fastest-growing economy. For students whose majors are in the fields of economics and finance, China offers the "best practical course", he says.

"Cocktails are cheesy. Beer is for fathers. Whisky is too expensive and strong," joked Shen Sibei, the owner of Vinism, about the reasons behind the rising popularity of wine bars.