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"Considering the two accidents took place when newly delivered Boeing 737 Max 8s went down just minutes after taking off, they have some degree of similarity," the Civil Aviation Administration of China said in a statement on Monday.

"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 will steadily regain momentum over the next few quarters, ending 2021 around 6.7 percent, above the level in the fourth quarter of 2019," said Madhavi Bokil, an analyst with the Moody's Investors Service. "This year, we forecast that China will be the only G20 country to post (positive) growth."

"China's duty-free retail market possesses huge potential as people's consumption capacity has increased amid widening market scope," said Guan Lixin, a researcher with the Chinese Academy of International Trade and Economic Cooperation.

"China stands ready to continue to play a constructive role for the peace, stability and development in Somalia and the Horn of Africa," said Wu.