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"For many of our members, the (cost) of the raw material could be as much as 60 or 70 percent of the cost of the finished parts," Hardy added. "So, the increase is significant."

"Harbin Institute of Technology was the first university in China to establish a major in composite materials. The first composite material factory in China was also built in Harbin," said Wang Rongguo, a professor at the School of Materials Science and Engineering at the university.

"For example, we charge cat owners about 150 yuan per night per boarding kennel during the Spring Festival, but normally the price would be about 100 yuan," she said, adding that costs varied per breed, and their prices are around average among local providers.

"Government of India is following a phase-wise unlocking of activities. In days to come, this would also involve partial resumption of activities in schools for students of classes 9th to 12th on a voluntary basis, for taking guidance from their teachers," reads the advisory.

"For many very good high-tech American companies, they're increasing their investment or their operation in China. Companies like Tesla are a good example because they see the market potential. They want to be part of China's economic growth. They want to contribute to it and they certainly want to benefit from it. So we welcome them all and will create a much better environment for foreign investment, better rule of law, etc.," he said.