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"China's decline has softened slightly, which offers some relief after a bad year," said Canalys Analyst Mo Jia, adding that major vendors are gearing up to full speed, releasing new products and spending on marketing to maintain market share.

"Continuing to implement tax cuts and fee reductions for companies, particularly for the manufacturing sector, will help reduce their burden and bring more benefits. The measure will also guide enterprises to increase investments in research and development and promote the transformation and development of the sector," Zhang Yiqun, deputy director of the China Special Committee on Budget Performance, was quoted in a report by the Securities Daily.

"Considering the many weeks of increased disease activity in younger individuals, including almost 50 percent of reported cases occurring among young adults aged 20 to 39 years in recent weeks, there is a very real possibility of the virus reaching higher-risk individuals, populations and settings. As well, with mild and asymptomatic infection occurring more often in younger individuals, it is possible to spread the virus without realizing," said Theresa Tam, Canada's chief public health officer in a statement on Friday.

"Currently, the esports industry is still at an early stage of development, and there's plenty of room for growth in esports tournaments, livestreaming and advertising," Wang said. "The business-friendly environment and the growing user base will have a positive impact on the esports growth."

"Chinese government gives subsidies to both producers and consumers of EVs. It not only boosts EV sales, but also helps realize environmental protection goals," he said, adding that the government also encouraged EV producers to invest more on research and development.