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"Green development has been one of the key concerns for different sectors of society as the country's economic recovery continues amid COVID-19 prevention and control," said Liu, who also is Chinese chief adviser to the China Council for International Cooperation on Environment and Development.

"Financial allowances were also given to companies and human resources units that organized production and transportation of medical supplies during the just-completed Spring Festival holiday," she said.

"For instance, Shanghai has always been the market where leaders take care of innovation and leaders are focusing on, and investing in, key industries and innovation," he said.

"First-tier cities were some of the earliest to implement (market-) cooling measures and continue to have some of the toughest restrictions, while also having some of the highest prices," said James Macdonald, senior director of Savills China research, another international real estate consultancy.

"Following the COVID-19 outbreak, financial conditions tightened at unprecedented speed, exposing some 'cracks' in global financial markets," the IMF said in its newly-released Global Financial Stability Report, noting market volatility spiked, borrowing costs surged and signs of strain emerged in major funding markets.