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"China was the first country to fully recover. Look at the GDP (gross domestic product) data in the third quarter in seasonally adjusted terms, it has already reached the pre-crisis levels," said the chief China economist at the Paris-based organization.

"Coal-fired plants have been hit by high coal prices, overcapacity and competition, while renewable energy and nuclear power will continue to grow, supported by government initiatives," said Ivy Poon, a Moody's senior analyst.

"Chinese people spend billions of dollars on overseas trips every year, among which about 40 percent goes on accessories, including jewelry and watches," Li said. "That opens a 600 billion yuan market for the related business sector here."

"China's AI talent (pool) is only half that of the United States, which may (hinder) future development of (the) AI industry (here)," a report from the Tencent Research Institute stated.

"Completion of the natural gas pipeline will massively help ease China's shortage of natural gas while further diversifying China's energy supply," said Li.