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Analysts expect Beijing to carry out what it planned in the first half of the year regarding its budget and government bond issuances.

Analysts at Moody's Investors Service said in a report that China's economic recovery will continue despite external headwinds and the government will likely maintain favorable credit conditions to help companies and households recover from the COVID-19 pandemic.

Andres Diaz Bedolla, a member of the Chinese e-commerce giant Alibaba's working team here, said the company believes that online sales have boosted growth prospects for businesses around the globe.

And among the world's four largest auto markets-China, the United States, Germany and Japan, only China achieved a negative-to-positive reversal. Recovery in the overseas car markets will still take some time, Wang said.

Analysts attributed the growth to a weakening dollar, and improving economy, healthier trade and more balanced capital flows.