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"Cutting taxes and fees serves as the main means of positive financial policy and the key for implementing it is to evaluate the effectiveness of the policies carefully and offer sufficient supportive work," said Yang Zhiyong, a researcher with the Chinese Academy of Social Sciences.

"Digitalization has been an ongoing area of investment for us in the past several years," said Kao. "E-commerce is an avenue we value a lot and will be our business focus from now on."

"Expanding investment in new infrastructure is not a stopgap. It will not only boost consumption and benefit the people, but also facilitate structural adjustments and enhance the sustainability of growth," said Liu Duo, head of the China Academy of Information and Communications Technology.

"Different from years before, the event will be held nationwide this year for great synergy to help more enterprises," said Lei, adding that NIPA will promote the commercialization and application of research results concerning epidemic treatment through the campaign.

"Different standards being applied in different BRI recipient countries create huge risks for companies seeking investments, as it could lead to further funds being denied during the project's life cycle," the report said.