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"Debt-to-equity programs work well for companies that are facing short-term obstacles but are expected to see profits in the future," said Xu Gao, chief economist with China Everbright Securities. "The key is to ensure the programs can be implemented using legal means and with high transparency."

"Despite the viral outbreak, we sold more than 400 pieces of qingtuan on March 2, the first day we started selling this snack," said Li Yaohua, one of the chefs of Ningbo Tangtuan.

"Deleveraging moves and other restructuring policies, although necessary for long-term economic development, have led to short-term pain as they accelerated the knocking out of weaker players in the market."

"Due to Amritsar train tragedy on Amritsar-Manawala railway section, 27 passenger trains and 10 Mail Express trains have been cancelled," an official said. "Besides this 16 trains have been diverted."

"Economic restructuring saw millions of Chinese move from villages to cities and from agriculture to more productive, wage-paying jobs in services and industry, mostly in the private sector," he added.