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"Given the substantial production plan reduction, Spirit could breach the financial covenants under its credit agreement in the fourth quarter of 2020 without an amendment or waiver," the company said in the SEC filing.

"Given that growth in the past decade or so was very much driven by debt-financed investment, deleveraging may lead to a sharp reduction in investment," Molnar said. "Therefore it is important to make sure that investment projects with a net present value obtain financing."

"For companies in Foshan and Zhongshan, handling goods through Nansha Port will help reduce transport costs by more than 60 percent, compared with Hong Kong and Shenzhen," Peng said.

"For COVID-19, this is especially pertinent," Ho said, noting that in addition to many uncertainties about the virus, the impact goes beyond the disruption to normal life, both financially and socially. As a sudden and stressful event, more acute reactions are associated with the pandemic than with general mental health issues, Ho said.

"For example, new cruise lines departing from the Nansha home port will be given 1 million yuan (9,500) as incentives," he said.