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"Consumers are going back to trust bigger brands amid the uncertainties … so that in many ways the growth of insurgent brands has slowed down," Lannes said.

"China provides a good ground base to experience future tech advances and develop future business models. It's likely they will use China as a testing ground for products before bringing the manufacturing and products to other places," Hsu said.

"Cultural industries now account for more than 4 percent of the country's gross domestic product, but their role in economic upgrading is more substantial than this figure - they are helping with the upgrade of other industries," Zhang said.

"Crucially, the effort has been complemented by large-scale testing, including the start of randomized screening in select provinces, and systematic tracking via mobile phone apps to rapidly trace the contacts of any new positive cases," the experts noted.

"China's international balance of payments largely remained stable in November," said Wang Chunying, spokesperson of the State Administration of Foreign Exchange.