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"China has demonstrated a strong willingness toward de-risking," said Nicholas Zhu, vice-president and senior credit officer at Moody's Investors Service. Zhu said global credit ratings agencies are keeping a close watch to see if financial leverage increases due to the stimulus measures for curbing downside pressures on the economy.

"Centering on the customers' demand, we will boost cross-sector sales to improve our operating efficiency and lower relevant costs," He said.

"But now there are opportunities to develop rural tourism. There's a spring where water temperature remains constant at around 22 C and the village is famous for its Zhuang ethnic culture," Zhang told.

"Change is easy, progress is always much more difficult," said Watkins. As the global pandemic has made it increasingly difficult for students at the high school and university level to travel globally, the use of remote or e-learning has enabled teaching and learning to continue without interruption.

"But public housing is not the best answer to deal with housing problems after construction," Yan said. "The government may introduce programs allowing tenants to first rent and then purchase, but at low prices."