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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.

"China's role in the digital economy is no longer a question, I am quite impressed by the country's openness, a role that will increasingly shape the century," said Fadi Chehade, co-chair of the advisory committee to the World Internet Conference.

"China's recovery is encouraging, but it is far from being a 'mission accomplished'," said Shaun Roache, chief economist for Asia-Pacific at S&P Global Ratings. "Stimulus-driven demand has not yet handed over to private consumption as the driver of growth and, until it does, China's recovery will remain unbalanced and vulnerable to shocks."

"Competition in the field of culture investment is going to be increasingly fierce, and for investors, knowledge, expertise and insight into the sector is important for choosing the right projects and funds," said Wang Jipeng, a partner in Oriza FOFs Investment Management and investment partner in United Media FOFs.

"Compared with the developed countries, there's plenty of room to shorten the negative list," he added.