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"China now plays a critical role in the global digital landscape. The majority of future digital innovations in the coming years will come from China and Silicon Valley," said Arndt Groth, former president of the Bundesverband Digitale Wirtschaft, Germany's leading digital marketing association.

"By strengthening online layout, they can help alleviate the operational pressures of brick-and-mortar stores. In the long term, this strategy can help expand brand influence. Their popularity will easily spread to smaller cities, and will pave the way for their future store openings in lower-tier cities after the outbreak."

"China is also an important market for France partly because of how people consume goods here," said Gaudin. "Back in France, the e-commerce scene is only just growing. Here in China, the e-commerce sector is far more mature, and this presents many more opportunities for French brands to get seen."

"China is by far the largest market for mid-sized premium sedans. With Model 3 priced on par with gasoline powered mid-sized sedans, we believe China could become the biggest market for Model 3," the company said in the report.

"By strengthening the people's congresses' supervision over expenditure budget and policies, the guiding and constraining effects of policies on relevant budgets will be enhanced," the guideline said, adding that relevant measures would also help ensure that the CPC Central Committee's major principles, policies and decisions are better implemented with budgetary arrangements and policies.