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"Encouraging street markets and mobile vendors is necessary to increase employment. For those who have jobs, starting street market businesses also helps in generating more income at lower costs. However, it is also important for local governments to roll out regulations to ensure security and hygiene," Wei said.

"Deepening opening-up of the financial sector can help, as such efficiency will improve with increased competition and diversified supply of financial resources," Liu added.

"Entering a new era of big data, cybersecurity will become as important as money, and online data will become a key target for criminals and hackers," Qi said.

"Despite the shelter-in-place in the first quarter, Baidu's total revenues declined just 7 percent year-over-year, resulting from our diversified revenue streams, including marketing services for wide-ranging industries, new AI businesses and iQiyi. With the pandemic coming under control in China, offline activities are rebounding and Baidu stands to benefit from a restart of the Chinese economy," said Robin Li, co-founder and CEO of Baidu.

"Especially in downtown areas, such as Wangfujing Street, I need to spend twice the time to search for the right parking spot, and the fee is also double," he said. "The electronic toll will open up more spaces and save me time."