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The Nielsen China consumer confidence index showed the upsurge since the 106 point reading in the fourth quarter of 2016, said the study released on Nov 22.

The PBOC may be averse to further monetary policy easing. Instead, it is likely to use the reverse repo mechanism to alleviate liquidity strains arising from local government bond issuances, said Stephen Chiu, an Asia FX and rates strategist with Bloomberg Intelligence.

The Nissan recall involves 48 of imported Infiniti Q50 produced between March 17, 2014 and Jan 9, 2017.

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The National Bureau of Statistics (NBS) said in a statement that new house prices in four first-tier cities -- Beijing, Shanghai, Shenzhen and Guangzhou -- edged up 0.3 percent month-on-month in February, down from the 0.4-percent increase in January.

The National Association of Financial Market Institutional Investors said in a recent announcement that there was over 1.3 trillion yuan (9 billion) in outstanding bond products by mid-December. Therefore, management of unmatured bonds is of greater importance to control risks.

The NBS data also showed that China's non-manufacturing sector expanded faster in November, with non-manufacturing PMI coming in at 54.8 in November, up from 54.3 in October.

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The National Office Against Pornographic and Illegal Publications posted the order on its website on Tuesday and punished Jinjiang Literature, FQXS and Midu.

The Operations Office launched an online filling system of corporate financing needs on Feb 25 and had received submissions from more than 200 enterprises by the end of February, with cultural enterprises accounting for nearly 20 percent.

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The Ministry of Industry and Information Technology (MIIT) said in a notice that it would support the application of the Internet, big data, cloud computing and artificial intelligence in areas such as epidemic monitoring, virus sources tracing, epidemic prevention and treatment.

The New York Times, for example, headlined on Monday: "SARS Stung the Global Economy. The Coronavirus Is a Greater Menace."