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"China's fast and effective control of the pandemic helped restore consumers' confidence, which is crucial for big-ticket items like cars," said Thomas Fang, vice-president of consulting firm Roland Berger's China office.

"Considering economic fundamentals and the market's low valuations, the Chinese stock market has become a good choice for long-term investments. With the unveiling of major reform policies, including detailed rules of the science and innovation board, market sentiment will increase gradually," Xue said.

"China's exports saw challenges with the rise of trade protectionism," Ren added. "The economy also felt the pinch from a tightening of liquidity conditions during financial deleveraging. While this has reduced credit risk, it has also increased financing difficulties for private enterprises."

"Climate change has profound implications for us and for the communities where we live and work. Cutting back on fossil fuels is positive for both environment and business."

"China's statistics work has played a significant role in economic and social development, and the supervision of statistics work has been improving," said the report submitted to the standing committee at its four-day bimonthly session.