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"Considering that the regulator has significantly shortened the process of granting preparatory approvals to Bank of China Ltd and China Construction Bank Corp, and that many banks - especially large ones - have almost completed the preparatory work in terms of organizational frameworks, operating systems and staffing, the first batch of wealth management subsidiaries are expected to be formally established around the middle of this year," said Yang Yu, an analyst at the Shanghai-headquartered Hwabao Securities Co Ltd, in a research note.

"China's economic momentum will continue this year with domestic consumption leading the way, selectively creating opportunities," said Gordon Orr, a senior advisor to consulting firm McKinsey& Co.

"Constellations of smart, connected devices, faster wireless internet, big data, and AI are transforming the global economy and having a profound impact across many sectors, from manufacturing to healthcare to transport," Campinos said. "What we are seeing is not just an acceleration of the development of information and communications technology - it is a major shift toward a fully data-driven economy."

"China takes real actions to reject unilateralism and protectionism, providing guidance toward the right direction of building an open world economy," Wang said.

"Chinese medical workers have gained valuable experience in the prevention and treatment of the pandemic in the past few months," Zhong Nanshan, a prominent respiratory disease expert, said in a video message at the publication ceremony held in Shanghai on Monday.