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"Considering the increase in leisure time brought by the extended holiday and the restrictions on real-world activities, we expect to see a growing demand for online social networking and online entertainment. And people will spend more time on social apps, short videos and mobile games," Wang said.

"Chinese companies are capable of making most aircraft components, but are less competitive due to higher costs and the design and quality can't catch up," Shanghai Securities Journal quoted an unidentified senior aircraft engineer as saying.

"Companies from Europe, Japan and the United States therefore have already discovered that it is time to invest more in Chinese research and development, as well as its science and technology and design businesses," said Feng. "New growth points are expected to present themselves as the economy becomes more sophisticated."

"China, our third largest trading partner, is crucial as we enter this new chapter," he said, citing the UK's bilateral trade with China reached 104.5 billion pounds (9.57 billion) in 2019, surpassing 100 billion pounds for the first time and growing more quickly than any other region.

"China's digital economy has provided a very good opportunity for rural development," Gao Hongbing, vice-president of Alibaba, said.