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"Effects of the policy package should be seen in the third quarter, followed by a stable credit growth for small and micro-sized enterprises," said Yi, who also called for "effective implementation" of the policies at the teleconference, which was attended by several regulators and senior executives from top financial institutions.

"Employment in the manufacturing and services sectors improved simultaneously for the first time after the COVID-19 outbreak, though the improvements were not strong," said Wang Zhe, a senior economist at Caixin Insight Group.

"Eleven out of 18 companies in the electronics sector we talked to said they are hardly affected by the current trade volatilities. Companies like drone-maker DJI have alternative plans in research and development, making them de facto immune to the levies," Gao said.

"Even nowadays, I find myself waking up at night screaming in agony," he said.

"Even if the founders of an education group have great ideas on what kind of kindergartens they want to run, it's still hard for the management team of each kindergarten to carry out the ideas," Liu said.