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"But the space on the monetary side is limited as we need to stick to efforts to promote deleveraging moves, while room for fiscal expansion remains ample - more tax cut policies can help to soothe economic concerns, in particular value-added tax," he said.

"China is consuming north of 1,000 tons of gold (annually) and the consumption is at a steady pace. It reflects the steady growth of GDP in China," said Chairman of the World Gold Council David Harquail. "As long as the wealth of China keeps expanding, gold will get its share of the growth in the future."

"COVID-19 has disrupted our social and economic order at lightning speed and on a scale that we have not seen in living memory," Georgieva said.

"But the case of the draft legislation on safeguarding national security in Hong Kong has been the magnet of reproach from many antagonists of China.

"Child rearing is crucial and it needs support from government, employers and parents," she said. "We hope the new guideline can help instill a new concept in society, rather than impose a burden on enterprises."