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"By the end of this year we will be half-way through this current term of government."

"China looks to me to be well on course to meet the 2020 goal. On my reckoning, 6.2 percent per annum for each of the next three years should do it. So there is even a bit of a cushion if things go slightly awry for any reason. China can now afford a bit of a trade-off between the quantity and quality of growth in future," he said.

"China made huge sacrifices to control the epidemic," he noted. "It extended holidays, called on people to isolate themselves at home and delayed the resumption of work, which will definitely hurt the country's economy."

"By cooperating with other countries in a more open manner, China is seeing improving external environment for its high-quality development," said Li Xunlei, chief economist with Zhongtai Securities.

"But the mortgage held accountable is enough to cover the loan," a LeEco spokesperson said.