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"China's scientific and technological progress is the result of its long-term focus on science and education and its strategy of innovation-driven development. It is also credited to the hardworking Chinese people, especially scientific and technological workers," Nie said.

"China should not lose focus in reducing financial risks, and we have confidence that it will succeed in this difficult task," said Goldberg.

"China's scale dividends are likely to be an important driver of improving the total factor productivity over the next five to 10 years," said Shen Minggao, chief economist at GF Securities, who noted more efforts are needed to drive the transformation and upgrading of the traditional manufacturing industry, enhance its efficiency, as well as improve total factor productivity, in a bid to maintain a relatively rapid GDP growth.

"China's economy will steadily regain momentum over the next few quarters, ending 2021 around 6.7 percent, above the level in the fourth quarter of 2019," said Madhavi Bokil, an analyst with the Moody's Investors Service. "This year, we forecast that China will be the only G20 country to post (positive) growth."

"Crawfish is one of the favorite foods on Chinese dining tables. New flavors will meet the demand of young people who crave for something fresh, and it will help to enlarge the scale and eating frequencies of consumers," said Neil Wang, president of consultancy Frost& Sullivan China.