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"Economic growth may be sustained, albeit at a slower pace, due to the high-base effect. We'll also continue to monitor external uncertainties, including the growing protectionist tide that will hit trade activities, and global monetary tightening which may curb private investment," said Carie Li, an economist at OCBC Wing Hang Bank — a subsidiary of Singapore-based OCBC Bank.

"Didi's market share in Latin America has been growing quickly. We have also forayed into Russia and Peru recently."

"Did Mr Watters notice the 'Great Wall' that the Chinese nation has built in order to manage and stop the epidemic? Why does Mr Watters pretend to ignore Chinese efforts to protect China and the world?" asked Gosset, a Sinologist.

"Despite all the witch hunt and media hype, not a single country or individual has come up with solid evidence to prove that Huawei poses a security threat," he said.

"Effects of the policy package should be seen in the third quarter, followed by a stable credit growth for small and micro-sized enterprises," said Yi, who also called for "effective implementation" of the policies at the teleconference, which was attended by several regulators and senior executives from top financial institutions.