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As the global economy is facing the risk of being thrust again into deep freeze, the CIFTIS 2020 will open up another opportunity to China and the rest of the world to join efforts, and ignite a new spark for fast and steady global recovery.

As the main driver of China's economic growth, consumption also picked up its growth momentum compared to the previous two months, contributing 65.1 percent to Q1 economic growth. Online retail sales and consumption in rural areas were robust. With tax cut measures to take effect in the following months, further consumption potential is to be unleashed.

As the San Francisco Bay Area is experiencing a housing crisis, worsening traffic and homelessness, many point fingers at the surge in employment and income in the tech sector and argue that tech companies should engage with and support their communities.

As the Chinese yuan is not freely convertible under the capital account, the central bank has to purchase foreign currency generated by trade surplus and foreign investment in the country, adding funds to the money market.

As the global demand rises and commodity prices are expected to continue to rise moderately in the second half, China will not face much growth pressure in the coming months, said the CITIC Securities report.