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Another area which holds great potential for cooperation is financial services, Xu said.

Apart from Hubei, other regions including Zhejiang, Guizhou and Hainan provinces have also reported officials being held accountable for failing to perform their duties in fighting the contagion.

Another major purpose of the 0-million investment is to support the digital transformation and innovation of Chinese companies, said Dora Liu, managing partner of Deloitte China Eastern Region.

Another driver is an ever-expanding demographic that is defined as three-generation travel. This refers to travelers seeking more spacious hotels, with an increasing variety of needs, and more leisure time, unplugging from stressful urban life and relaxing with family and friends, Schroeder said.

Another important factor influencing the future performance of A-shares market is the high value of nearly all global stock markets, and many stocks have been significantly overbought, Sjuggerud noted.