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"Cramming in the subway and sitting all day in a cubicle is not the life I wanted," said Jiao Qi, 30, who had a white-collar job in Shanghai.

"Creating long-term productive assets requires wise and patient capital - a difficult challenge, and this is the reason that there is such a vast global deficiency in infrastructure investment. So Chinese capital and know-how are very important to fill this gap," he said.

"Chinese retailers look for brands that are well placed to expand into their own growing markets where an influential, well-connected name can help to open doors with mall owners, landlords etc, that can be promoted to quickly appeal to shoppers," said McKeever. "As this owner was already familiar with the brand…that knowledge and expertise augers well. Given the rate of expansion in Chinese malls this would seem an ideal opportunity and great fit."

"Currently, epidemic prevention and control is still the top priority. SOEs are also stepping up efforts in resuming work and production. As long as we guard with effective measures and make scientific arrangements, agglomeration risks can be avoided," Xia Qingfeng, director of the Publicity Bureau for the State-owned Assets Supervision and Administration Commission of the State Council, said during a press conference.

"China's manufacturing economy was impacted by the epidemic last month. Supply and demand sides both weakened," said Zhong Zhengsheng, chief economist at CEBM Group, a Caixin subsidiary.