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Analysts diverged on the development of fixed-asset investment.

Andrew Karolyi, a professor of finance at Cornell University, said investors will welcome the action largely because it appears to be tied to an impending agreement set to normalize trade relations with China."These steps individually and together help to reduce global trade policy uncertainty, something markets have been craving for months," Karolyi told China Daily."It is more than just symbolic, as lower trade policy uncertainty likely means more trade flows and greater cross-border portfolio and corporate investment flows, all of which stimulates more economic growth," he said.

Analysts said the country should ramp up its efforts to revitalize domestic demand to sustain the improvement in industrial earnings amid mounting uncertainties.

And in Beijing Yintai Center, executives from more than 60 out of the total 81 companies in the luxury office plaza have returned to work, said a senior executive from the center.

And echoing calls of Chinese President Xi Jinping, he said international unity and collaboration are of primary importance against the COVID-19 pandemic in this time of hardship.