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"Current personal finances as well as evaluations of the national economy each posted large gains," Richard Curtin, chief economist for the Surveys of Consumers, said in a statement. "Net gains in household income and wealth were reported more frequently in early February than at any time prior since 1960."

"China's accession into the WTO has been absolutely decisive," Chambovey told reporters at the WTO session on China's trade policy. He said the 2001 move has not only accelerated China's economic and social development but its expanding global trade also has benefited the rest of the world.

"Chinese education is experiencing a huge change from offline to online," said Jiang Kai, managing director of Coatue China.

"China's demographic dividend is disappearing," Wang Bin, co-founder and president of the venture and technology-focused media platform iyiou, said during a recent annual innovation conference in Beijing, adding that seniors can be relied upon as a reliable market.

"China should refrain from monetary overflow in the face of downside risks, as this could cause long-term capital outflow pressure," Yang said. "Instead, the monetary authorities should focus on re-channeling money supply occupied by low-efficiency sectors into more vibrant private enterprises."