Moving now to the latest China Economic Update from the World Bank. The report says that China's economic expansion has so far remained resilient in the face of global uncertainty, and will need to rely increasingly on domestic demand to sustain growth. CGTN sat down with two economists from the World Bank to examine China's economic performance and discuss how to boost demand. Take a listen.

China's GDP grew 6.4 percent in Q1 against same period last year. The Lead Economist for China from the World Bank, says the Chinese economy remained resilient and the results came as a surprise.

The World Bank emphasized that China's economy will need to rely increasingly on domestic demand to sustain rapid growth amid less favorable external conditions.

The World Bank also said that with fiscal stimulus emphasizing tax incentives already introduced, China still has space to increase spending. It added that the additional stimulus could come directly from the central level or through additional fiscal transfers to the provinces.

Litwack also spokes highly of China's efforts to inject more liquidity into Small and Medium sized firms in recent years.