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Chinese monetary authorities, to some extent, have become more cautious in easing monetary stance to support economic growth recently, as the fast expansion of credit could raise the debt-to-GDP ratio, or the financial leverage, some researchers said.

Chinese carriers haven't disclosed how much they are seeking from Boeing, and industry experts estimated that if the model can't resume flying by the end of the year, the average compensation amount sought by the airlines could be as high as 1 billion yuan (5 million), based on the grounding scale and operational capacity.

Chinese courts have been ordered to improve the business environment by protecting intellectual property and the legitimate rights of entrepreneurs as well as by safeguarding data security, including that dealing with personal information.

Chinese prosecuting departments will investigate and punish foreigners who are involved in criminal cases related to novel coronavirus pandemic in accordance with Chinese laws, Zhang said.

Chinese authorities have singled out 5G, artificial intelligence, industrial internet and the internet of things as investment priorities this year, as the country looks to "construct a new form of infrastructure" and "speed up the commercialization of 5G".