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"Failure to take quick actions to suppress the virus could result in more severe economic outcomes as well as the unnecessary loss of life," said the Fed official.

"Exports of avocados from Mexico to China have substantially increased in recent years. Although total volumes remain small, the growth rate is amazing," said Ramon Paz of the Association of Producers, Exporters and Packers of Avocados from Mexico.

"Everyone who values food could enjoy a sense of gain at a lower cost," Liu said, noting that such an idea could be realized online.

"Export data of the last five years shows that the compound annual growth rates of export volume and value were 2.19 percent and 6.6 percent respectively," said Wan Fuxiang, deputy head of the tea promotion committee of the China Association for the Promotion of International Agricultural Cooperation.

"Emerging technologies such as artificial intelligence, blockchain, cloud computing and 5G have become a force to be reckoned with. Companies are under pressure to use these innovations in their operations in order to realize growth, giving rise to an increase in demand for privacy and data protection," said Ramesh Moosa, cybersecurity, privacy and forensics partner of PwC China.