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"Colleges all around the country are our main customers who are required since 2016 by the Ministry of Education to provide EE courses," said Xu.

"China's efforts in combating and overcoming the COVID-19 outbreak are impressive. Not all countries were able to overcome such adversity in such an efficient way. That is why we are confident in the direction of the government and are even more excited to come back to the country," he said.

"Currently, the overall operation of China's banking and insurance sectors remains stable, and financial risks faced by them are generally under control. Although risks are quite high for some banking and insurance institutions, they will not affect the stability of the entire industry, as there is only a small number of them," said Xiao Yuanqi, chief risk officer and spokesperson of the CBIRC.

"Chinese entrepreneurial ecosystem is huge as most valuable AI companies in computer vision, speech recognition, drones are all Chinese companies today," Lee added.

"Combined with the pentup demand, sales may witness a slight rebound," said Stephenie Zhou, head of project sales for JLL Shanghai. "However, prices are likely to be largely flat as policy restrictions are still in place," she added.