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Analysts said the authorities still have room to adopt a more accommodative policy stance in the second half of the year, and additional monetary easing measures could include a relaxation of loan quotas.

Analysts argued that the immediate goal of Volkswagen's new partnership is to meet the government's demand, as it is stipulated in the deal that Volkswagen will enjoy priority if it needs to buy credits from the joint venture.

Analysts said China will continue to seek measures including accelerating financial sector liberalization and boosting domestic consumption to shore up growth and shield the economy from external uncertainties like the ongoing trade friction with the United States.

Analysts said that to resolve the current trade disputes, the two countries should shift their focus to making the economic pie bigger in order to benefit both, as the two economies are complementary.

And they also agreed that with the establishment of the ASEAN Community and restoration and growth of the China-Japan-South Korea cooperation, it's high time to positively push for the building of an East Asia economic community, and the negotiations on the Regional Comprehensive Economic Partnership (RCEP) should also be speeded up, according to Wang.