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"By improving judicial efficiency, companies heavily in debt can be cleared from the market as quickly as possible, and those that still have value in the market can be rebuilt more quickly," Liu said.

"By the beginning of next year, we have to sell lots of 60-inch and 70-inch TVs, which are only sold in China or the US," he said. "For the sake of the company, we have to get big very quickly to support all the glass."

"But now is not that time. Now is the time for unity, for the international community to work together in solidarity to stop this virus and its shattering consequences," he said.

"China has done its part in an unprecedented way," he added.

"By doing something with a more premium feel, it could allow Nissan to charge more for its service and potentially relieve some of that profitability pressure they could face if they were to try to race to the bottom in terms of pricing," said Jeremy Carlson, automotive analyst at IHS Markit.