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Analysts are equally as confident that the planned overseas listing will enhance the competitiveness and overall enterprise value of the company, while deepening the country's ongoing SOE mixed-ownership reforms.

Analysts said the anticipated domestic floats of overseas-listed tech companies and tech unicorns will require a major revamp of existing rules. Under the current IPO regime, requirements related to continuous profitability and share structure are considered very stringent.

Analysts said the new natural gas pipeline would further diversify China's sources of gas imports and followed the China-Russia crude oil pipeline, the China-Kazakhstan oil pipeline as well as the China-Myanmar crude oil pipeline, which started operations on Monday.

Angela Merkel hailed China's decisive steps in coping with the outbreak, which she said have won a high degree of support from the Chinese people.

Analysts, however, cautioned about the downside risks from the COVID-19 epidemic and a potential sluggish recovery in demand. External demand could be hit by a worsening global pandemic or rising Sino-US trade friction, while the difficulties faced by small businesses could weigh on employment and domestic demand.