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As the country continues to deleverage and defuse financial risks, the move will ease liquidity, especially for small businesses, but it does not mean a policy stance shift, said Zeng Gang, a financial researcher at Chinese Academy of Social Sciences.

As the domestic situation of combating the COVID-19 epidemic has been moving steadily in a positive direction and the resumption of production and living orders accelerated, the overstocked demands for home purchases due to the epidemic was gradually unleashed last month, said Kong Peng, a senior NBS statistician.

As the incubation period for projects associated with the Belt and Road Initiative usually takes some time, which means many projects cannot make a profit in the short term, he said it is necessary to finance the projects through combined channels including policy banks, development finance institutions, government funds and other resources.

As the epidemic spreads in EU member countries, China empathizes with the EU, which is facing difficulties under the current circumstances, Li said, adding that epidemic prevention and control have no borders.

As the performance of the machinery sector will pick up, it is still able to achieve a 5-percent growth in industrial output for the whole year, it said.