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"February's decrease in CPI growth was mainly due to the disturbance from the Spring Festival holiday, and we expect the figure to recover to about 1.8 percent in March," said Wang Qing, a researcher at Beijing-based Golden Credit Rating International.

"Even though these problems have been resolved within a short period, backed by the country's strengths in manufacturing and technology, there is still room for improvement in this area."

"Driving up the service outsourcing industry is a national strategy. It is also part of China's efforts to attract more foreign direct investment. Relevant companies will enjoy more preferential taxation policies," Wang added.

"Farmers are always the first casualty in a trade war," Hutchinson told CNBC on Monday.

s this year, coordinating with the fiscal policy which focuses on tax and fee reduction," Shen Jianguang, chief economist at JD Digits, a Chinese fintech group, told China Daily.