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"For that purpose, the bank will concentrate its efforts in sectors such as renewable energy－for example, solar, wind and small hydro electrical plants－energy efficiency, clean transportation, urban mobility, sanitation, and water and waste management," he said.

"For now, many domestic helpers are unable to go back to their working cities, and employers are afraid of hiring as they worry about possible infection. We are unable to do the business. It certainly has a remarkably negative impact on us," Chen said.

"For Haier's household appliances that are exported to the US, the proportion of products manufactured in the local market is much higher than those produced in China. Appliances of GE, which is one of the largest appliance brands in the US and owned by Haier, are favored by local consumers in the medium and high-end market," said Liang Zhenpeng, an independent consumer electronics analyst.

"Growth continues to improve in terms of structure and quality, indicating that China has made strong progress in rebalancing the economy," said Zhou, who stressed that the financial regulator's battle to lower the debt burden had shown some results but was still in the "early stages".

"Given the urgency to decarbonize the economy, I am convinced that China will have as much onshore and offshore wind installations as possible. But it is much more important to look at what the grid networks will do to accommodate the continued surge in variable renewable energy. That is the nation's chief challenge going forward," he said.