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"Ensuring effective transmission of the monetary policy has always been a challenge for policymakers. At present, a targeted policy approach seems to be the most effective way to do that," said Bloomberg's China economist Qu Tianshi.

"Downside risks have become more acute and include the possibility of disorderly financial market movements and an escalation of trade disputes," the report said, warning that intensifying trade tensions could result in weaker global growth and disrupt globally interconnected value chains.

"Digital transformation here in China is at a pace that is leading the world, which provides important opportunities," said Mark Russinovich, chief technology officer of Microsoft Azure, the firm's cloud business, in an interview with China Daily.

"Each experiment took a whole 24 hours, and we would adjust our experimental program constantly. It is a process of trial, feedback, and progress. One needs to keep concentrating hard during the 24-hour experiment, and I would ignore other staffs' conversation if they were not experiment-related."

"Even in the best-case scenario of limited outbreaks in countries outside China, a sharp slowdown in world growth is expected in the first half of 2020 as supply chains and commodities are hit, tourism drops and confidence falters," the Paris-based group said in a report.