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"China's high-level opening-up must adopt the rules of the market economy and be brought in line with international and regional economic integration to a high degree," Li said. "Only in this way will we be able to play the lead role in planning and designing regional rules for the market economy while taking an active part in global governance. It will provide a strong driving force for domestic circulation."

"Companies like to know what the price of their product is going to be, where their market is. They like those things long-term," she said, adding that a resolution of bilateral trade issues "in a substantive manner" will be of primary interest for US companies.

"Companies like Ant Financial and Ziroom are introducing personal credit scores in the house-leasing business. This will create a new mechanism and a regulation system in the market," Yan said.

"China's inflation is expected to remain stable and there is little likelihood of seeing a significant increase since the economy remains sound," said an official from the National Development and Reform Commission who declined to be identified, adding that the effects of external pressures, such as commodity price fluctuations and potential tariffs, remain under control.

"Covid-19 will need to break through the job market firewall if it is to do significant damage to the economy," Mark Zandi, chief economist at Moody's Analytics, said in a statement. "The firewall has some cracks, but judging by the February employment gain it should be strong enough to weather most scenarios."