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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.

"Chinese consumers, especially millennials, want to enjoy life... they care about their individuality and love to travel, and when it comes to shopping in both online and offline channels, they have unique tastes," said Guo Xin, a marketing professor at Beijing Technology and Business University.

"China's booming e-commerce business is an important engine for our growth as it is driving the entire transport system forward, setting high demand for punctuality and reliability," Svedberg said.

"Compared with the small number of regulations that focus on the protection of children's personal data, the boom in educational smartphone applications has seen abundant information collected, which poses great risks to the safety of juveniles," she said.

"China's government is committed to further reforms, as shown by recent news on opening up the financial sector to foreign investors, increasing daily trading quotas on the Stock Connects, and potentially extending the Stock Connect program to London," Shi said.