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"Capacity is the foundation of output growth. As most of the advanced steel capacity built in the past years has already come into use, there will be little new capacity coming into operation in the future, which means less steel output," Chen said.

"China is a world leader in Internet of Things equipment. Constructing a smart city like this would require a lot of such supplies that they can provide." The Internet of Things is the data exchange network that links different appliances, devices and systems infrastructure.

"But now our challenge is to make correct decisions for future competition, but you never know what your decisions made today may mean three or five years later," he said.

"By further improving its public transport system and intensifying its green urban infrastructure, Shenzhen might serve as a role model for its neighbors and other cities," he said.

"China can make good use of aviation logistics companies to restart operations and supplies to economies affected by the outbreak," said Yang.