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"Fed funds futures are pricing in a 100 percent chance of a 50-basis-point rate cut at the Federal Open Market Committee's March meeting," said Khan, adding that Goldman Sachs said Sunday it expects rates to come down another 50 basis points in the second quarter.

"Even though many global companies previously adjusted their global production plans based on factors such as operational cost and stability of supply chain, we have seen both goods orders and investment flowing back to China in recent months," he said.

"Everybody knows that building a healthy body is 70 percent healthy eating and 30 percent exercise," says Yu, the owner of Tribe, a restaurant chain that vaunts itself on its healthy dishes and that has three outlets in Beijing and one in Shanghai.

"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.

"Eighteen areas, including the Guangxi Zhuang autonomous region and Sichuan, Yunnan and Hunan provinces, have implemented hospitalization insurance that covers more than 400,000 families who lost their only child," Yao Ying, deputy head of the association said at the gathering.