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"Current conditions are already favorable for China to further widen market access, and have led to a critical window for China to continue opening up," said Niu.

"Covering not only the healthy groups but also people with mild diseases, the new program aims to better fulfill our mission of protecting hundreds of millions of families and taking on more social responsibility," Shen Peng, founder and CEO of Waterdrop Inc, said at the launch ceremony Wednesday. "With great strength and rich experience, we're confident to fend off the risks of high payout."

"China will actively respond to various risks and challenges, try to reduce the losses due to the pandemic as much as possible and strive to achieve stable and healthy development of the industrial economy," he added.

"Cuberg's battery technology has some of the highest energy density we've seen in the marketplace, and its unique chemistries could prove to be a safe, stable solution for future electric air transportation," said Steve Nordlund, vice president of Boeing HorizonX.

"China's tourism economy will prove strong resilience against the epidemic," Dai Bin, president of China Tourism Academy, said during an online conference Thursday.