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As the end of Saturday, Guangdong, with a population of more than 115 million, had reported a total of 1,625 confirmed cases, including 230 imported cases.

As the FTZ emphasizes development of businesses in information technology, health and technological services, demand for new office space from digital and technology companies will increase, Mi said.

As the COVID-19 pandemic continues to spread around the world, hundreds of thousands of businesses are being shuttered, millions of jobs are vanishing, and over 119,000 lives have been lost to date.

As the financial hub of China and one of the international financial centers, much emphasis has been put on strengthening Shanghai's financial power. In line with the financial opening-up policies announced by central bank governor Yi Gang in April, the municipal government of Shanghai quickly developed 32 detailed policies in this regard.

As supply-side structural reform continues, government debt will be under stricter control. On the other hand, China's GDP growth is expected to increase at a high pace, which will serve as a fundamental support for local government debt risk control.