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"Counties and townships shall also be included when boosting rural consumption, as they boast enormous potential. High-end consumption in big cities should not be our sole focus," Li said, "County consumption capacity is still modest, yet it will grow and upgrade. Efforts should be taken to adapt to different consumer needs and improve people's lives."

"Chinese brands have performed exceptionally well in certain categories like fresh dairy, and their agility in responding to market demands can lead the 'premiumization' trend in the future," said Jason Yu, general manager of Kantar Worldpanel in China.

"China's evolving regulatory policies and enhanced business environment have certainly led to a boom in the R&D (research and development) activity relating to new medicines. Investors have noticed the trend and are rushing to the market," said Han Tao, deputy general manager of China Capital Investment Group, at an event.

"Consumers in China's less-developed regions are becoming increasingly sophisticated shoppers who are looking for lifestyle upgrades. This increased consumption potential could mean bright prospects for our merchants," said Jiang Fan, president of Alibaba's Tmall and Taobao.

"Chinese martial arts make me feel not only healthy but relaxed. I forget about the coronavirus and day-to-day problems for a while," Chavez said.