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"For the past 40 years, China has made impressive achievements in the field of intellectual property protection and is gradually becoming a global leader in innovation," he said.

"Given the rising external uncertainties and the possibility of escalating tensions with the US, structural reforms to broaden the home market and boost domestic demand will help China offset some negative impact from a deteriorating external environment and shrinking external demand," Zhang Ming, an economist at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, said in a research note.

"For example, a huge crowd came to the museum in the morning, but the entrance was virtually deserted in the afternoon," he said.

"Global demand for air travel still remains strong and hence the recovery could happen faster than in other sectors," he said.

"Foreign investors are now willing to invest in China's financial market, and the country is removing regulatory barriers to foreign investment. As the financial market is comprehensively opening up in many sectors including insurance, asset management and mutual funds, there is a lot to do for foreign investors in different business segments," Tang said.