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"Debt-to-equity programs work well for companies that are facing short-term obstacles but are expected to see profits in the future," said Xu Gao, chief economist with China Everbright Securities. "The key is to ensure the programs can be implemented using legal means and with high transparency."

"Eager to restore their earnings ability, capable global players in the painting industry have already begun to introduce new digital production technologies and measures in China to further compete with other established rivals, as well as saving costs," he said.

"Farmers are among the most trustworthy groups in China, particularly in Wenzhou," he said. "If not for the local farmers and small entrepreneurs, whom else could we as the local bank of agriculture and commerce trust instead?"

"Due to the collapse in demand for air travel, Asia-Pacific airlines are drastically cutting back their scheduled flights and grounding part of their fleets," Biswas said. "Large-scale temporary layoffs of staff in the global and Asia-Pacific airline industry will be inevitable in coming weeks."

"During the process of agricultural modernization, China's transformation can be summarized as a combination of growth and demand that is linked to income and urbanization," Sijbesma said.