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"But when prices of companies stop declining and start to rebound, it is a clear sign of bottoming out. As long as these companies are healthy at the financial and operational levels, investors can feel confident to hold a long position on them. In the long run, China's A-share market will pick up slowly but the bullish performance can be expected for about 10 years," he said.

"China is not only the biggest exporter of manufactured goods, but also a major exporter of intermediates used by factories across the world. It is also a key supplier of materials or components for sectors including autos, shipbuilding, electronics, machinery and textiles," Bai said.

"China is a country under the rule of law, with a complete judicial process. Xinjiang's judicial authorities deal with all those who committed unlawful and criminal acts in strict accordance with the law based on the nature and circumstances of their acts," Ilijan said.

"China is a key and huge market for UBS, and the further opening-up of China's financial sector represents great opportunities for our businesses, including investment banking, wealth management and asset management," UBS said.

"COVID cases are continuing to climb nationwide and with the holiday season in full swing. It could get worse before it gets better," Governor Andrew Cuomo was quoted as saying.