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"China's new energy vehicle industry, as well as the power battery sector, has evolved into a stage where there are rivalries in technologies and resources," said Zhang Xiaofei, president of Shenzhen Gaogong Industry Research Co Ltd, an industrial analytic company, specializing in batteries, e-vehicles and new materials.

"China still has sufficient policy tools to handle possible shocks," Zhang said at the China Finance 40 Qujiang Forum in Xi'an, Shaanxi province, on Saturday.

"China's economy has sound fundamentals, great potential and a high level of resilience, and will continue to grow at a stable and relatively fast pace," it said.

"Chinese companies didn't hesitate to develop test kits when the outbreak occurred, and they have made tremendous contributions to COVID-19 prevention and control in China. It makes sense that foreign countries with soaring testing demand are now seeking imports from China," she said.

"Currently, most of their revenues are from the domestic market," Dai said. "Douyin and Kuaishou have gained popularity in Japan and Southeast Asia, respectively. We expect those Chinese short video apps will see more downloads and revenues generated from overseas markets."