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"Despite the loosening measures, China is not turning to an overall loose monetary stance," said Shen Jianguang, chief economist at JD Finance. Instead, the central bank focuses on targeted tools, Shen added, describing the TMLF as a "targeted interest rate cut".

"Doctors and medical staff will continue to pay follow-up visits and monitor the health indexes of the babies in the weeks ahead," the statement said.

"During that time, there were a lot of cultural exchanges and it was a time when China was prosperous and strong," Jiang said.

"Deeper reforms on value added tax, commencing on April 1, will further relieve the pressure on small businesses and boost economic activity," Ng said.

"Earlier this year, residents were staying at home for most of the time to prevent possible infections from the contagion. As the epidemic is getting under better control in China, people have returned to work. Still, many people have fostered a habit of spending more leisure time at home and thus consume more snacks," a research report of Sealand Securities said.