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Apart from being honest and efficient, Chinese companies have also been highly flexible and adaptive when facing the crisis.

Annie Lee, general manager of Swire Coca-Cola Beverages Hainan Ltd, a subsidiary of Coca-Cola China, said per capita consumption of the company's beverages was the equivalent of 89 cans in Hainan in 2019, which is higher than the country's average of 47 cans. This is due to the high tourist numbers in Hainan last year.

Ant attributes the upsurge to deepened internet penetration, a quick takeoff in smartphone usage, and the consequent easier access to micro loan services which are unattainable through conventional financial institutions.

Another resolution targets "cancel culture", warning that it "has grown into erasing of history, encouraging lawlessness, muting citizens and violating free exchange of ideas, thoughts, and speech".

Another renowned compiler, S&P Dow Jones Indices, is due to include A shares in September. Propelled by the inclusions, more than 0 billion of foreign capital may flow into the A-share market over the next five to 10 years, according to HSBC.