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As the former vice-president of the China Micro-Credit Companies Association, Bai noted that many banks are less capable than microcredit companies in terms of customer acquisition and risk identification when they are dealing with farmers, small enterprises and individually owned businesses. In her view, the government should encourage large and medium-sized commercial banks to collaborate with microcredit companies in promoting financial inclusion.

As the World Health Organization has upgraded days earlier the risk level of the COVID-19 to "very high," global cooperation to combat the disease is of great importance, said Klinger, adding that China can play an important role in addressing public health emergencies.

As the novel coronavirus spread across the world, the smartphone industry is undergoing more uncertainties and more severe market competition than before. Although the epidemic has had negative impact on smartphone sales at the beginning of 2020, vendors still hold positive market expectations and are betting big on 5G — the industry's new engine of growth.

As structural deleveraging is mainly directed against the current imbalance in China's economic development, Kang said leverage should be moderately increased in infrastructure investments on areas such as roads, railways and sewer systems and further reduced in industries of overcapacity and low efficiency.

As policymakers have repeatedly stated that housing is for housing, not for speculation, real estate development is likely returning to fundamentals such as demographic changes, migration and housing studies, which encourage developers to rethink real demand, said Wu.