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"Compared with traditional punishments which had limited influence and were hard to execute completely, the new approach is a more powerful deterrent," Liu said, adding that the move also contributes to building the broad social credit system.

"Currently, the esports industry is still at an early stage of development, and there's plenty of room for growth in esports tournaments, livestreaming and advertising," Wang said. "The business-friendly environment and the growing user base will have a positive impact on the esports growth."

"China's M2 growth is slightly lower than nominal GDP growth, but we should monitor more indicators, such as prices and jobs, to see whether liquidity is tight," he said at a press conference during the ongoing first session of the 13th National People's Congress.

"China's white paper stipulating its policies in improving employment and protecting labor rights in Xinjiang is a welcome step," said Shabbir, adding that the paper "highlights China's commitments to international labor laws and conventions".

"China welcomed the agreement and appreciated the cooperative attitudes of the EU in negotiations," said Gao.