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Amid the current tech boom across China, IT programmers, are undoubtedly showered with the most generous bonuses, with an average of 11,776 yuan. People who work in the financial industry used to take the top spot but in 2017 their bonus is declining slightly, the report said without elaborating on the size of the survey sample.

Among the 30 remaining, 17 are included in the latest plan and the others are temporarily suspended, he added.

Amid further COVID-19 containment, schools across the country are resuming classes, unleashing growing demand from families, the report said, adding that consumer confidence was also boosted by local policy incentives.

Among them, Bosideng branded down apparel business recorded retail sales of 650 million yuan on the Tmall flagship store, which represented a 58 percent increase. Overall online sales of the Bosideng brand increased by about 43 percent, compared with the same day a year ago.

American projects in China, for example, have benefited the traditional manufacturing industry elsewhere so that other countries may also participate in the new economy, said Gan.