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"Combined revenue of retail and dining in the seven-day Spring Festival holiday totaled 1 trillion yuan (3 billion) in 2019. During the same period of this year, the loss of Chinese dining business operators may reach 500 billion yuan," the report said.

"China's scale dividends are likely to be an important driver of improving the total factor productivity over the next five to 10 years," said Shen Minggao, chief economist at GF Securities, who noted more efforts are needed to drive the transformation and upgrading of the traditional manufacturing industry, enhance its efficiency, as well as improve total factor productivity, in a bid to maintain a relatively rapid GDP growth.

"China will become one of the most important, or say the biggest, 5G markets in the world. From the perspective of base stations, we expect the three major telecom operators in China will build around 80,000 5G base stations in 2019, so China's general 5G network deployment is very optimistic," Zhong said.

"China's new car market went through exponential growth. It's the biggest new car market in the world," said Emma Butcher, SMMT's head of communications, in an interview with Xinhua.

"China will offer policy and financial support to food trade and infrastructure construction, aiming at encouraging Chinese grain enterprises to cooperate with Belt and Road countries," said Zhang Wufeng, head of the State Grain and Reserves Administration (SGRA) at an international food cooperation forum that closed Monday in Lanzhou, capital of Northwest China's Gansu province.