Sluggish global economic growth subdues demand for Chinese products, affecting domestic investment and consumption, he said.

These, she said, subdue investment and consumption demand and induce month-on-month declines in imports by these economies.

"With policies to coordinate pandemic control with economic and social development taking effect, the COVID-19 impact is expected to subdue gradually," Sheng said, citing positive signals already seen in power generation and consumption data.

Wuhan is also going to restart civil aviation services as the virus outbreak continues to subdue.

The country's recent lackluster housing market will subdue the consumer demand for pickup trucks, the association said, adding that the pickup truck sales will be under pressure.

German carmaker Volkswagen AG sees new opportunities abounding in China, as the country subdues the coronavirus outbreak.