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"China's huge economic potential and more open financial market can be important for renminbi internationalization," Guan said.

"Consumption rapidly recovered on demand for consumer staples such as food and beverage and daily necessities. Among durable goods, car demand recovered remarkably," said Piao.

"China's vehicle market has entered a new era of high-quality development, in which product and service excellence will be the key to sustained growth," said Matt Tsien, GM executive vice-president and president of GM China.

"China's economic recovery was not strong enough due to limited improvement in demand, and some companies didn't replenish inventories," said Zhong Zhengsheng, chairman and chief economist at CEBM Group, a Caixin subsidiary. "As the pneumonia epidemic is putting pressure on the economy, policymakers need to make efforts to ensure no major disruptions to improving business confidence."

"Compared with 10 years ago, startup founders today tend to have a global perspective. So they are willing to learn what's happening outside the US," said Zhang. "A great company in the future must be a globalized one."