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"China has always made a big play about wanting to do international collaboration," Harvey said.

"China is a key market for the global luxury industry and Kering has been successfully operating in the country for over four decades. Chinese consumers' expectations for luxury industry has been evolving rapidly thanks to the country's ongoing development and economic growth," she said.

"But realizing it requires the knowledge and expertise needed to surmount new challenges."

"China has reduced tariffs on goods such as cars and daily necessities since the beginning of this year, and is working with countries around the world with an opener attitude, said Li Xunlei, chief economist of Zhongtai Securities. "These all provides a good external environment for the high quality development of Chinese economy," he added.

"But of course, the medical and public health professionals were not allowed to proceed unchecked," he said, referring to President Donald Trump's frequent undercutting of his own experts.