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"Coupled with ongoing urbanization and rising domestic demand powered by the Chinese government's measures to shift the economy to an internal consumption-driven model, the market potential in the Chinese mainland, particularly in lower-tier cities, continues to be attractive to jewelry retailers of all sizes," said Yang Lixin, director of the gemological training center for China's National Gem and Jewelry Technology Administrative Center.

"China's economy has achieved high-quality growth and the country's internet and technology development has gained momentum thanks to reform and opening-up," Ma, who also chairs internet giant Tencent Holdings Ltd, said ahead of the opening meeting of the first session of the 13th NPC.

"Chinese consumers are increasingly pursuing snack foods that are healthy, high-quality and safe, triggered by the constant consumption upgrade trend in the country. In the next few years, higher-end snack food will account for a larger market share, and raise the average price of the sector," said Neil Wang, president of consultancy Frost and Sullivan.

"China's success in containing the coronavirus and reviving economic activity has been notable," said R. N. Bhaskar, consulting editor of Asia Converge and guest faculty at several institutes in India and overseas, noting that a recent official report on manufacturing showed the Chinese economy is recovering better than expected.

"China's energy mix has continued to improve, with the acceleration of greener growth and a low-carbon model," Li said.