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As the trade conflicts between China and the United States evolved, the problem confronting Europe is not to choose sides between the two countries, but to safeguard multilateralism, fight against unilateralism as well as to protect open world economy and free trade, he said.

As the global oil price has rebounded to per barrel recently and is expected to stay there, gas stations and refiners in China will benefit from the oil price rebound, said experts.

As the increase in expenditure was greater than that in revenue, the gross surplus of the sector dropped by 1.9 percent year-on-year to 3.05 billion Macao patacas (2.54 million) in 2019.

As reported by NHK, Suzuki hopes that pulling out of China may allow it to concentrate its efforts in India, where it holds a dominant market share through a majority stake in the country's largest carmaker Maruti Suzuki India Ltd.

As there is still work to be done to improve monetary policy transmission mechanisms－or to funnel additional liquidity into the real economy, particularly small businesses and infrastructure investment, interest rate cuts may translate into asset bubbles, instead of stronger economic expansion, Zhang Jun wrote in a note.