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"Coming on the heels of the central banks, there is increasing optimism that politicians are starting to understand the scale of the economic stop coming -our way as the death toll across Europe and the US continues to rise," Michael Hewson, chief market analyst at CMC Markets UK, said in a research note.

"China's monetary policy should stay committed to its own course and stick with a prudent stance," Yi said, citing the country's economic expansion remaining within a reasonable range and a mild level of inflation as well as the need to keep debt levels stable and sustainable.

"China's VR industry will grow at a steady and fast pace in the years ahead, with the industrial value reaching 79.02 billion yuan in 2021," said Zhou Gangyi, director of the Guangzhou VR Industrial Association.

"Compared with the world's largest spender on military affairs, the money China used for national defense in 2019 was only one quarter of that country's expenditure," he said."When it comes to per capita terms, ours was one 17th of theirs."

"China's population structure determines that its consumption sector will see rapid growth. During the COVID-19 epidemic period, the Chinese government showed its strong capabilities in relocating resources and personnel, which has further strengthened our confidence to invest in the country," he said.