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"China will play an active and vital role in prompting the development of the semiconductor display industry, which has a high entry threshold and needs high investment," Li said.

"China's economic restructuring may not have a major adverse effect on the supply and demand side of the economy," Zhang said.

"Compared with the two previous versions, the new plan focuses on drawing advanced experience to foster a favorable business environment aligned with the highest international standards and best practices," said Eddie Yan, Deloitte China Government & Public Services partner.

"China's capital market should be reformed to help long-term investors obtain higher yields than short-term ones, which will help refill the market with more patient capital," Jin said, adding that both the market and the government can come into play in that respect.

"Companies in China have not only reported the greatest success so far in recouping output lost to COVID-19, but also anticipate making the fastest full recovery," said Chris Williamson, an economist at IHS Markit.