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"Electronic visas are becoming popular. In some circumstances, a smartphone can apply for and receive the visa in seconds," said Huang.

"Decisionmakers of the companies ought to have clear minds about the markets they are in, and make timely adjustments if there exist any weak point in management structure," said Bai Ming, a researcher with the Chinese Academy of International Trade and Economic Cooperation.

"Efforts from government, enterprises and the whole society to boost the integration of consumption, logistics and production are well displayed during the nation's fight against the poverty amid COVID-19 headwinds, and have made big progress during the period," Guo added.

"Expenses cannot be reduced quickly enough and significantly enough to offset the 40 percent reduction in revenue we have experienced," he said in a statement.

"Domestic consumers' demand for healthcare, fashion, jewelry, dairy and agricultural products, digital household appliances and science and technology services will continue to surge in the long run," said Guo, who stressed that European and United States companies have already begun to invest more in China's research and development, design and sales channel expansion and forming new partnerships with domestic firms.