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"Combined revenue of retail and dining in the seven-day Spring Festival holiday totaled 1 trillion yuan (3 billion) in 2019. During the same period of this year, the loss of Chinese dining business operators may reach 500 billion yuan," the report said.

"China's economy is back-ish and the world can exhale. Without this rebound, the nascent global recovery would be on even thinner ice," Bloomberg said in an opinion piece.

"Chinese software developers have grown to be a very admirable community of innovators and they are leading the world in terms of app downloads and revenue," she said in an interview with China Daily.

"China's steel output accounted for half of the world's total, so it's natural for Baowu to achieve such a result," said Chen.

"Chinese researchers and entrepreneurs are among the best in the world, with technological innovations and good earnings in the sector," said Liu Lihua, vice minister of industry and information technology.