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"China will take a more proactive fiscal policy, raise the fiscal deficit ratio, issue special central government bonds, increase the quota of local government special bonds and continually implement tax and fee cut policy," Liu said.

"Chinese customers have very deep trust in key opinion leaders (or KOLs) and this psychological bond can be partially explained by the pseudo-intimacy created by social media," she said. "Social media make you feel like influencers are friends as you know who they are in real life, thanks to the details of their daily lives shared through Weibo, WeChat and live streaming apps."

"Compared with petrochemical and coal-chemical, it is cleaner and more efficient and signifies our industrial transformation," Xu said.

"Currently, there are 144 comprehensive bonded zones," said Chen Zhenchong, a leading official in charge of the customs body, adding the zones are of the highest level of openness, with the most favorable policies, complete functions and simplified procedures in China.

"Considering the billions of doses needed, and the risk [of] falling at the back of a very long line for Western vaccines, the appeal of the Chinese vaccines is apparent," Taimur Baig, chief economist and managing director at DBS Group Research, said in a note to US business news channel CNBC.