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"China's installed photovoltaic power capacity ranks first among the world. Photovoltaic power, especially distributed photovoltaic power, enjoys favorable government policies," said Han Xiaoping, chief information officer at Beijing-based industry consultancy China Energy Net Consulting Co.

"Considering the gradual recovery curve and the recent global outbreaks in multiple countries,-which will hold back Chinese travelers' willingness to go abroad-the loss of airport retailing business during the whole epidemic period could be as high as nearly a quarter of the annual income of duty-free stores," Yu said.

"China will also be added to our watch list for possible inclusion in the FTSE's global bond indexes. The Chinese authorities have continued to introduce reforms designed to open their market to international investors and have transformed their economy into the second largest in the world," Mark Makepeace, CEO of FTSE Russell, said in the statement.

"China used to have comparative advantages in developing labor-intensive industries with its abundant and cheap labor to export goods to the international market and benefit from globalization," he said.

"China's evolving regulatory policies and enhanced business environment have certainly led to a boom in the R&D (research and development) activity relating to new medicines. Investors have noticed the trend and are rushing to the market," said Han Tao, deputy general manager of China Capital Investment Group, at an event.