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And the multiple contracts Huawei signed with global mobile operators during the MWC Barcelona held between Monday and Thursday also show the active role of Huawei in promoting the 5G development globally through cooperation.

And suddenly, the Democratic Party's presidential field, which featured more than half a dozen candidates a week ago, transformed into a two-man contest.

Analysts said the emerging signs of Chinese economic stabilization mean the world's second-largest economy is also expected to play a crucial role in helping to anchor the global economy, which, as International Monetary Fund Managing Director Christine Lagarde cautioned, is at a "delicate moment".

Analysts also expect Beijing to provide more support for smaller banks since they play an important role in funding private SMEs and low-income individuals, which have suffered more from COVID-19's effects.

Analysts said that the emphasis on flexibility and a targeted approach in monetary policy underscored the government's intention to inject more liquidity to support the epidemic-hit economy, while it remains very cautious about excessive easing that could lead to a steep rise of asset prices in the capital and property markets.