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"China has been a leader in testing, tracking and treatment, as well as lockdowns and social distancing," Sargent said during the 2020 Global Venture Capital Online Conference, adding that the Chinese government's fiscal and monetary policies have proven effective.

"China has become the world's largest energy producer and consumer, but from the consumption data, the energy structure in the country has not seen any fundamental changes," said Zhou.

"By adopting the ban, China plans to change the current global structure in the division of work, eradicating its role as a dumping ground for leftovers from developed countries, which has grown in the past 30 years," Xue said.

"Caixin PMI readings in January showed that the Chinese economy had a good start to 2018," Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, said.

"China has great potential in the consumer genomics testing sector. Compared with that of some developed countries, the market is still in its infancy in the nation," said Danny Yeung, co-founder and CEO of CircleDNA, a Chinese consumer genomics testing startup.