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"Generally speaking, China's economic operation has maintained its trend of steady and improving development," said NBS spokesperson Mao Shengyong.

"For example, when AI is applied to the field of radiodiagnosis, it only takes five seconds for a computer tomography (CT)," he added. "Before, it would take up to half an hour."

"Global companies have been keen to further dig into the market potential in China at the next level, as the country will continue to be the world's largest consumption power for many products, commodities and services, such as grain, industrial goods and healthcare solutions, for its ongoing consumption upgrading," said Chen Wenling, chief economist at the China Center for Economic Exchanges.

"Further debt-funded investment may mitigate economic stress in the short term," said Amanda Du, an analyst with Moody's Investors Service. "However, the challenges associated with structural rebalancing will become more prominent, and fiscal stress from the coronavirus and the associated economic slowdown will remain high over the long term."

"Fiscal policy may not be constrained by the pressure of fiscal balance or the standard of fiscal deficit, which means bond issuance is necessary when it is required (by the economic situation)," said Ming.