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"Every six to eight months, a new round of tightening measures needs to be adopted. Otherwise, the effects would soon weaken, as demand is still strong," said Zhang Hongwei, chief researcher with Shanghai-based real estate consultant firm Tospur.

"Ensuring effective transmission of the monetary policy has always been a challenge for policymakers. At present, a targeted policy approach seems to be the most effective way to do that," said Bloomberg's China economist Qu Tianshi.

"Every year, we see about 15 million people entering the job market, and that growth won't slow down in the near future," he said. "It's projected that 11 million urban jobs will be created this year, but in actual fact, the number will go beyond 13 million."

"Demand for coding professionals and knowledge is increasing steadily as there are growing concerns that jobs currently done by people will be done by machines. That aside, demand has risen as more industries are becoming aware of women power," said Chen.

"Everything is running normally," Zhao said. "After a long holiday, I couldn't wait to go to the factory." Before resuming work, Zhao had been a bit worried that people gathering in the factory would raise the risk of infection of the coronavirus, but he felt relieved to see the strict prevention measures adopted in his factory.