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Compared with costly advertisements, livestreaming is more efficient in attracting tourists, he said.

Commerce Ministry Spokesman Gao Feng said China, eager to restore its trading ability, will continue to optimize its range of products and approach to the global market through new trade routes and regional cooperation arrangements.

Coming from a line of silversmiths, Pan was also put off by the bleak situation. "Nobody outside these mountains knew about Miao silver jewelry. Production was limited, and so was demand," Pan said. "My father wanted me to find work at bigger cities. Silversmithing wasn't enough to make a living."

Complementing the macro guidance, the central bank has in recent years created new liquidity management tools, such as the medium-term lending facility (MLF) and pledged supplementary lending (PSL), as vehicles for balance sheet expansion.

Confirming that the gross domestic product growth of the world's second-largest economy is projected at 1.9 percent in 2020 and 8.2 percent in 2021, as it predicted last month, the IMF highlighted the role of China in helping overcome "several of the major challenges" facing the global economy, which it forecast to contract by 4.4 percent this year.