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"Considering the increase in leisure time brought by the extended holiday and the restrictions on real-world activities, we expect to see a growing demand for online social networking and online entertainment. And people will spend more time on social apps, short videos and mobile games," Wang said.

"China's economic growth is the most important source of growth for the global economy," said Vasilis Trigkas, who is also a research fellow at the Belt and Road Strategy Institute at China's Tsinghua University.

"China should launch a series of targeted policies to encourage small and medium-sized banks, credit unions and emerging financial institutions such as village banks to play a greater role in serving small businesses. It's the main duty of these types of financial institutions to serve small businesses and private companies. The regulator should also allow more small and medium-sized financial institutions that meet compliance requirements to grow," Lian said.

"Considering the high proportion of small businesses from the Chinese mainland that sell online and utilize other digital technologies, there are opportunities for reputable financial institutions to apply financial technologies and big data analysis to make it easier for small business to access finance," Chan added.

"Chinese e-commerce firms have been rapidly increasing their presence in the global market," said Feng.