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However, Asia "should not be complacent," as credit expansions in the region after the 2008 global financial crisis are "quite rapid" and there are several frontier and developing Asian economies which haven't experienced the Asian financial crisis, according to Rhee.

Household debts have uneven pressures on different families. Once low-income families are in debt, their burden is heavier than that of others. However, it is indeed some low-and middle-income industries that have been affected most by the coronavirus outbreak.

However, Justin Yifu Lin, honorary dean of the National School of Development at Peking University and former chief economist at the World Bank, said "dual circulation" is not aimed at coping with short-term challenges, but is a natural result of the Chinese economy expanding.

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However, Chan said most of the funds that it raised had been transferred to a bank account owned by a shell company and used to invest in personal-insurance products, which is not consistent with the company's business scope. The beneficiary is also in charge of the shell company.

However, Song Tie, deputy director of the Guangdong Provincial Center for Disease Control and Prevention, said the situation this year is similar to that of previous years, except that the peak has come later.

However, despite the fast growth, currently every 3.5 NEVs in China share a charging pile on average, far from the ideal situation, and that has prompted the government to ramp up efforts to strengthen NEV infrastructure construction and operation, according to Tong.

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However, "we were seeing elevated NOx levels even on the ascent, which is something we wouldn't expect," Carder said, adding that even though an engine works harder going uphill, emissions can be lower due to the way exhaust treatment systems work.

Housing experts said that the consecutive policies have built a "threshold" to curb the red-hot property market and cool property trading in the next few years in Hainan.

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However, during this period, the agriculture sector grew by only 3 percent, according to the International Food Policy Research Institute.

However, experts said the ZTE issue may well result in huge development opportunities for the domestic chip industry, which is still a generation or two behind the leading producers.