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"Excessive stimulus would lead to a surge of debt levels and asset bubbles, which will ultimately go against the government's objective of ensuring quality growth and people's livelihoods," he said.

"Even if we get 100% Republican votes in the Senate, we need 10 Democrat votes to get a much needed Immigration Bill - & the Dems are Obstructionists who won't give votes for political reasons & because they don't care about Crime coming from Border! So we need to elect more R's!" the president said on Twitter.

"Despite the improvement in epidemic control worldwide, many countries' recent plans for reopening markets may bring about a second wave of COVID-19 cases, which may pose new threats to the global economy's recovery in the future," Liu said. "Due to the epidemic's impact and the lack of new momentum, the world will continue to experience an economic slowdown this year."

"Essentially, the debt problem is related to development issues, which should prevent the liquidity crisis in the short term and ensure adequate capital in the long term."

"Digital technology has improved significantly. We have accumulated a lot of experience and a lot of so-called infrastructure for emerging industries… there are signs that the country is ready to invest, in the digital transformation of traditional industries, including services transformation, information management and intelligent manufacturing," Zhang said.