They commented after economic activities began to regain vitality despite the ongoing epidemic, with normal production gradually resuming and market expectations brightening. "Both the real economy and financial markets are getting used to the disruptions caused by the outbreak," Yang said. A steady performance of China's economy at the start of the year also added to analysts' confidence in whole-year economic results. "China's economic recovery was not strong enough due to limited improvement in demand, and some companies didn't replenish inventories," said Zhong Zhengsheng, chairman and chief economist at CEBM Group, a Caixin subsidiary. Analysts said Monday's move has helped to boost market confidence and marked the central bank's largest single-day liquidity injection in history through such an open market operation.

Source: The Star February 08, 2020 07:52 UTC