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"For one, they are relieved and thankful for this development."

"For new product launches in China, we are moving from 'intuition-driven readiness' to the employment of data that depict the clear preferences of customers," said Charles Kao, president of cosmetics group Amorepacific's China unit, which saw nearly 30 percent of its revenue in China come from online channels.

"Given the large scale of China's economy and foreign exchange reserves, it is unlikely for the country to be significantly hurt by risks associated with cross-border capital flows, but it is still necessary to push ahead reforms to better leverage the market's role in managing risks," Liu said.

"Finally, as we reopen, wherever possible we will move to 5 day a week in-person learning. We want our kids in the classroom for as much time as possible. Our families do, too," he added.

"Generally speaking, the product is meant to take the place of aluminum foil in similar industrial applications, like the fields of aerospace, electronics, petrochemicals and automobiles.