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"Generally, companies in Guangdong have been seeing relatively stable development, although their businesses were under some strain from the Sino-US trade dispute," Ma said in a recent meeting.

"From February to March, we experienced the fastest market downturn in history," said Savita Subramanian, an analyst at Bank of America, in a research note. "But what's really unusual is the nature of the crisis, driven by a deadly virus. This is the first time in several generations that we've seen a global economic downturn driven entirely by a social challenge."

"Government regulations covering the pet industry, including scrutiny of food and medicine safety, are becoming more mature, which is very helpful for the development of companies like ours," Tang said.

"For China, the best strategy has long been centered on reforms. It will be important to avoid backtracking on existing reforms and repeating the mistakes of others," he added.

"Had (the police officers) not been there in that location, more than likely more people would have died," Fulop said.