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Angle also had extensive discussions about progressive Confucianism with Chinese counterparts through a program of seven dialogues. "Many of them find the idea very engaging and inspiring," he said.

Analysts also noted that the current market advances may end in mid-March. "Looking ahead, downward economic pressure and expectations of further policy easing will jointly influence the market, making fluctuations inevitable," said Xie Chao, an analyst from Shanghai-based Everbright Securities.

And it is not just beef.

And Chongqing, with a population of 30 million, has 100,000 farms, of which the majority were not listed in the improvement plan to reduce pollution. About 28 million metric tons of waste from the farms were discharged untreated annually, the statement said.

Analysts also said many South Korean and Japanese tech companies, such as Samsung and SK Hynix, have plants in China where the epidemic is under better control. As more of these Chinese factories maintain production, it could help increase supply to some extent.