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"Expanding financing to businesses is key to help them overcome the cash flow pressures due to the COVID-19 disruption, acting as one of the backbones in this year's bailout policies," said Yang Chengzhang, a national political adviser and chief economist with Shenwan Hongyuan Securities.

"Despite their flag-bearer status in leading some of the best digital practices, the lion's share of users for Alibaba and Tencent are still in China. That means Chinese firms are temporarily ruled out of the possibility of launching a digital currency of similar global influence," said Guo Yuhang, chairman of Starwin Capital and head of the China Blockchain Application Center, a nonprofit organization.

"Everyone at ITC is devoted to making the world a better place and I'm grateful for this opportunity to work here and learn more about the world," she said.

"Everything is running normally," Zhao said. "After a long holiday, I couldn't wait to go to the factory." Before resuming work, Zhao had been a bit worried that people gathering in the factory would raise the risk of infection of the coronavirus, but he felt relieved to see the strict prevention measures adopted in his factory.

"Despite the supply-side structure reform (which leads to production capacity reduction), environmental protection measures (which cause factory closure and affect production) and rising financing costs (as a result of financial regulatory tightening), China's economy still rebounded which indicates that the current real economy is quite resilient," said Liu Dongliang, a senior analyst of the China Merchants Bank.