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As for China, the World Bank expects its economy to grow 5.9 percent in 2020 and 5.8 percent in 2021－0.2 percentage point below previous projections for both years, amid a slowdown in labor productivity growth and continued external headwinds.

As for businesses which used to be hit by the prevalence of internet technologies, positive changes are also showing up to inject new vitality. Brick-and-mortar stores, for instance, are starting to benefit from e-commerce behemoth Alibaba and JD.com Inc's efforts to develop the so-called new retail experience.

As for the current pandemic, Yaroshenko said "the situation we have faced in 2020 shows how important it is for all countries to act together and abandon differences."

As a developing country, China still has shortcomings in infrastructure construction, and the Chinese government will increase supplies of public products and promote reasonable and effective investment in this area, Premier Li Keqiang said on Wednesday.

As an example, the survey findings reveal that the market has reacted positively to tax reforms, with over half of the respondents stating that tax reform will be a key driver boosting economic growth this year.