Predicting that China's economy will rebound from the third quarter after recording better economic indicators in the second quarter than the first quarter, Han said this year's economic growth rate in China is forecast to be higher than the IMF outlook of 1.2 percent on condition that the pandemic is contained globally.

The experts emphasized the importance of the recovery of consumption and investment to a full-blown growth of the Chinese economy, as export takes up only one-third of the world's second-largest economy.

"Factories in China had been on the pause in the first quarter, but almost 90 percent resumed operation... However, consumers still refrain from spending money amid a lingering worry about the virus, while offline shops reopen in a gradual manner," said Piao.

She noted that consumer spending is expected to be bolstered by the expected additional stimulus measures taken by the Chinese government.

The Korea Center for International Finance said in a report that the Chinese economy is projected to show a moderate growth due to the reopening of factories and the eased restrictions on movement that would prop up the domestic demand.

Han worried that protectionism will emerge in global trade in the aftermath of the pandemic.

"Once the (world) economy falls into downturn, protectionism tends to loom, given that the downturn prompts countries to protect homegrown companies," said Han.

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