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"China has a rich pedigree of bringing innovations to the world. It has also established itself as the global manufacturing center, with an in-built ambition to be the world leader in many technological breakthroughs," said New.

"China has strictly followed the procedures stipulated by law and released the information at the earliest possible time," said Zheng Shuna, a deputy to the National People's Congress, the country's national legislature, noting that a detailed timeline on China's COVID-19 response has been released.

"China is now our largest trading partner, and makes up for 19 percent of our total trade with the world."

"China has a strong ability to withstand economic pressure and huge potential for economic growth. Over the past year, trade frictions between the two countries proved that by continuously imposing additional tariffs on Chinese imports, the US cannot change the fundamental trends of Chinese economic development or obstruct Chinese strategies which are committed to the central task of economic development and aim at comprehensively deepening economic system reform and expanding opening-up," Lou said.

"ChiNext-listed companies are going to benefit the most from the new rules. According to a rough estimate, the removal of the profitability requirement will make at least 125 ChiNext-listed companies eligible for refinancing and the removal of the debt-to-asset ratio requirement will make 535 of them qualified for share sales," Ma Tingting, an analyst from Guosheng Securities, said in a research note.