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"Consumption is expected to rise around 2 percent year-on-year in July as China's consumption market will further warm up in the second half," Tang Jianwei, chief researcher of the Bank of Communications, told the paper.

"Compared with tenants in other regions, those living in Beijing, Shenzhen (Guangdong province) and Shanghai move more frequently than others. Young people who live in first-tier cities are facing more uncertainty in their lives," it concluded.

"China's experience in tracking the coronavirus with smartphone software is impressive. We have studied lots of data from China and South Korea, and we found that it plays a big role in preventing further spread of the virus in those countries," he said.

"China will continue to optimize its business environment, actively expand imports, expand foreign investment and contribute to the stability of the world economy," Guo said.

"China's smartphone market is declining because consumers are holding on to their phones for longer, operators like China Mobile have reduced their smartphone subsidies, and device makers such as Huawei have launched fewer 'wow' models to tempt shoppers back into retail stores. Some consumers are finding their smartphones 'good enough' and are pausing on upgrading," Neil Mawston, executive director at Boston-based Strategy Analytics, said in an email.