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"Development is an absolute necessity for improving human rights and China gave a historical example of how a country can efficiently tackle issues of people's basic needs and security", said Lionel Alain Vairon, a senior researcher at the Charhar Institute, a think tank that has its headquarters in Beijing.

"Earlier this year, residents were staying at home for most of the time to prevent possible infections from the contagion. As the epidemic is getting under better control in China, people have returned to work. Still, many people have fostered a habit of spending more leisure time at home and thus consume more snacks," a research report of Sealand Securities said.

"Extending the subsidies will help buffer the impact of the pandemic, boost car sales, increase the sector's competitive edge and finally promote its high-quality development," said the finance ministry in a statement on Thursday.

"Domestic consumers' demand for healthcare, fashion, jewelry, dairy and agricultural products, digital household appliances and science and technology services will continue to surge in the long run," said Guo, who stressed that European and United States companies have already begun to invest more in China's research and development, design and sales channel expansion and forming new partnerships with domestic firms.

"During the outbreak, this helped save much time in terms of paperwork, and such practice was also in line with international practice," Shao said.