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Considering the importance of ocean shipping, which accounts for up to 90 percent of global cargo transportation, Zhou said China's resilient transportation through its ports will effectively underpin the recovery of the global supply chain after the COVID-19 outbreak.

Credit demand was subdued in December due to the introduction of limited lending quotas for banks in January, resulting in the rebound, according to an earlier analysis note from Huatai Securities.

Construction of the joint venture will kick off later this year. When completed by the end of 2021, it is expected to have an annual production capacity of 10 GWh, and the batteries will be installed on Geely's vehicles from 2022.

Contemporary analysis of monetary policies essentially began with economists trying to understand the US stagflation of the late 1970s. Reckless expansionary monetary and fiscal policies in the 1960s and 1970s caused inflation and unemployment to rise to levels not previously seen in the US in the post-World War II era.

Countries in Latin America are once again finding it difficult to kick-start debt-ridden and stalling economies while meeting onerous conditions set by the International Monetary Fund, or IMF.