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Su Hua, founder and CEO of Kuaishou, said e-commerce is an important link in the company's monetization strategy.

Still, this latest move is in line with other key policies during the past few years to increase foreign capital in the country's markets.

Su said the poverty alleviation office and China Banking and Insurance Regulatory Commission have rolled out favorable policies in offering small loans to impoverished families.

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Su spent over 30,000 yuan (about ,450) to have a photovoltaic (PV) power station built on her rooftop. And it has started to pay off.

Such enthusiasm is also fueled by the broader trend of Chinese companies' efforts to reduce reliance on the foreign semiconductor industry amid global geopolitical uncertainty, they added.

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Steven Barnett, the International Monetary Fund's senior resident representative in China, expected a V-shaped recovery after a large fallout, but rising unemployment and stressed property developer funding may pose further risks to growth.

Such developments have further improved prospects for future liberalization. Facilitation of regional trade will be an unstoppable trend. It will also drive the reform of the World Trade Organization.

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Still, human rights groups on Thursday girded for new legal battles. The American Civil Liberties Union, one of the groups challenging the ban, called the new criteria "extremely restrictive," "arbitrary" in their exclusions and designed to "disparage and condemn Muslims." Much of the confusion in January, when Trump's first ban took effect, resulted from travelers with previously approved visas being kept off flights or barred entry on arrival in the United States. Immigration officials were instructed Thursday not to block anyone with valid travel documents and otherwise eligible to visit the United States.

Such exchanges are crucial part of China-Japan ties and the premier called for boosting cooperation in innovation and high-tech industries. Agreements signed during the visit provide more space for the cooperation between local governments and enterprises from the two countries, he said.