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"Fiscal stimulus measures that have facilitated China's (second quarter) rebound on the production side are reflected in the strong pickup in industrial production and fixed-asset investment," according to a Moody's research note.

"For many Western brands, it will be critical to participate now in the rebound of the Chinese economy and the increasing appetite of Chinese consumers to restart spending, as their businesses in the rest of the world struggle or even come to a standstill," he said.

"For established ones, the problem is how to brace themselves for the future, and for startups it is how to realize their blueprints."

"Fluctuations in wheat prices have been witnessed regularly in recent years. But in general, it wasn't and will not pose a threat to our food security," he said.

"Government departments must be open-minded. Approval procedures are necessary, but they are not a panacea, especially in terms of compliance oversight. We should keep working on the application of the principle, which is that the responsibility for oversight rests with those who issue the approval and those who are in charge," Li said.