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Analysts said China may also continue to cut taxes for enterprises to boost private investment while further lowering corporate debt and borrowing levels to control financial risks in the coming months.

Analysys forecast the hospital digitalization drive will deepen across the Chinese medical system.

Andrea Manca from the University of York says: "It's important to remember that a healthy population produces more, increases the economy, and puts less burden on the healthcare system. So, a country's budget can be invested in other areas with research or investment priorities."

Analysis of the spacecraft and flight data will confirm whether the test came off without a hitch, and whether the spacecraft is ready for manned missions.

Analysts believe the move will help support the country's real economy and fend off potential risks brought about by global trade uncertainties and business downturn pressure.