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China's successful containment of the virus reassures the people that it is safe to travel domestically in the long-awaited holiday, which provides plenty of opportunities for their pent-up demand to be met. The Golden Week is sure to help boost consumer confidence and facilitate economic recovery.

China's total retail sales of consumer goods dropped 19 percent year-on-year to 7.86 trillion yuan (.11 trillion) in the first quarter of this year, according the Ministry of Commerce. 

Chinese President Xi Jinping's special envoy Liu Yandong (L) meets with South Korean President Moon Jae-in in Seoul, South Korea, on Feb 26, 2018. (Xinhua/Ju Huanzong)

China's top court has decided to set up more courts to hear intellectual property cases and deal with the increasing number of such disputes, which could help improve technology innovation.

China's telecom carriers are expected to generate 1.9 trillion yuan (4 billion) in total revenue from 5G-related business during the same period, according to an article published by the China Academy of Information and Communications Technology.