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China's tourism market saw a strong recovery during the five-day Labor Day holiday. With regular epidemic control measures in place, the tourism market basically recovered to 50 percent of the level seen in the same period last year, said Wang Xiaofeng, an official with the Ministry of Culture and Tourism.

China's total FAI expanded steadily in 2019 with investment in high-tech industries leading the growth, official data showed Friday.

China's recovery "is probably the most positive factor for the world economy and also for Asia," said Rajiv Biswas, executive director and Asia-Pacific chief economist at consulting firm IHS Markit. The world's second-largest economy "is a huge market for exports for most of the other Asian countries, and also for Australia and for New Zealand."

Chinese President Xi Jinping (R) meets with New Zealand Prime Minister Jacinda Ardern at the Great Hall of the People in Beijing, capital of China, April 1, 2019. [Photo/Xinhua]

China's policymakers will strike a balance between containing the novel coronavirus pneumonia outbreak and facilitating the resumption of regular business activities as a prolonged economic standstill could trigger greater risks, economists said.