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"E-commerce-powered poverty elimination is expected to gain bigger momentum this year, as the internet facilitates not just the consumer end (i.e. making it easy for people to purchase) but the industrial end, meaning research and development, manufacturing and logistics for agricultural produces can be customized and automated through the adoption of artificial intelligence, big data and cloud computing," said Li Yongjian, a researcher of the internet economy at the Chinese Academy of Social Sciences.

"Easing the pressure of renting and lowering the renting threshold for college graduates is the key to retaining talent," said Liu Shengyin, an official with Nanchang Housing Bureau.

"Evidence of significant economic damage due to the trade conflict is mounting," tweeted economist Marcel Fratzscher, president of the German think tank DIW Berlin. "The Trump administration is now adding new threats with tariffs on European cars which could make things worse."

"Few foreigners can return to China now due to the pandemic, so there is a huge demand for talents who are currently in the country," she said.

"Equally critically, policymakers need to foster stronger potential growth by boosting human capital, removing barriers to investments, and promoting trade integration within a rules-based multilateral system," the report said.