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And enterprises are adjusting their marketing strategies to target young consumers. Traditional Chinese herbal anti-hair loss shampoo brand Bawang Group launched an intellectual property (IP)-protected cartoon "Bawang elf family", which was drawn on the product package to attract young consumers. It also teamed up with gaming companies to launch crossover-brand products.

Analyzed by industry, flows of inward direct investment were mostly recorded in financial activities and construction, while the gaming sector recorded negative inflow.

An oil pumpjack and a tank with the corporate logo of state oil company PDVSA are seen in an oil facility in Lagunillas, Venezuela Jan 29, 2019. [Photo/Agencies]

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.

Analysts also warned that a stronger Chinese currency may add pressure on the world's second-largest economy by hurting export growth if the yuan's exchange rate keeps rising against the US dollar.