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Andrea Manca from the University of York says: "It's important to remember that a healthy population produces more, increases the economy, and puts less burden on the healthcare system. So, a country's budget can be invested in other areas with research or investment priorities."

Analysts noted the impact of COVID-19 has been merely temporary. As the contagion is being contained, a recovery in demand for construction machinery and equipment is expected, said Xu Hao, an industrial analyst at Minsheng Securities.

Analysts said that listed technology companies would be the biggest beneficiaries from the revised rules as the country's regulators intend to lower their financing barriers and encourage them to tap into the capital market for additional funding.

Analysts said the August data show that the Chinese economy has remained on track despite the activity dampening and a tightening of financial regulation.

And the mid-size sedan launched last year had the most expensive manufacturer suggested retail price among DPCA's lineups so far.