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"Consumers have become more conservative spenders," said Xu Ruyi, head of research for Mintel China, which tracks spending across the country's 15 major consumer markets and releases the report annually.

"China's fast economic rebound signals the ample room for growth in the future as well as the strong resilience of the economy," said Cui from the Chinese Academy of International Trade and Economic Cooperation. "International investors would like to choose investing in China to avoid risks and seek growth."

"China's economic restructuring may not have a major adverse effect on the supply and demand side of the economy," Zhang said.

"China, Japan and South Korea took different approaches in dealing with COVID-19, and they can share lessons with ASEAN," Pitlo said. He also welcomed the planned signing of the RCEP, saying that a new free trade agreement like the RCEP can help economic recovery.

"Companies from home and abroad are welcome to join in the development of Jinan, especially in the construction of the pilot free trade zone, to innovate and try and grow together with the city based on their respective advantages in scientific research, capital, talent, brands and management," he said.