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Analysts say the trend may continue in the coming months, which will help support a stable yuan and balance cross-border capital flows. As a wider opening-up of the country's financial sector unfolds, foreign investor confidence in the Chinese economy will be strengthened further, they said.

And there is mounting concern that the prolonged work stoppage could tip Michigan's slowing economy into a recession. The state has the most exposure to the auto industry – about 8 percent of its economy is linked to it. And Michigan produces about 25 percent of the nation's vehicles and parts.

Analysts said the better-than-expected growth in spite of the pandemic can be attributed to the Chinese government's sharp and sustained focus on keeping the wheels of the world's second-largest economy turning, through prudent, textbook-compliant yet imaginative fiscal policies.

An upcoming investigation will target 27 major video and music streaming websites, including Bilibili, an anime-centered video streaming platform widely accessed by teens; Kuaikan, a digital publishing platform for comic strips; and Douyin, a short video streaming app.

Analysts interviewed by China Daily said that the law－prohibiting acts of secession, subversion, terrorism and conspiracy with external forces－would adhere to the principle of "one country, two systems", instead of undermining it as claimed by some politicians in the United States and the United Kingdom.