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"But this crisis is not simply about liquidity. It is primarily about solvency -- at a time when large segments of the global economy have come to a complete stop. As a result, fiscal policy has a vital role to play," he said.

"China is an important market for Shorelight as Chinese families are deeply connected with internet and their habits are more integrated with blended learning experience," he said.

"Certainly it's positive, it's a very positive event," Trump said of the results.

"China continues to transition to a more sustainable growth path and reforms have advanced across a wide domain," the executive board of IMF said in a statement after concluding Article IV consultation with Chinese authorities on the Chinese economy.

"China is one of the most important markets in the world for us," he said. "We develop different plans for different areas. China is not just one market, it is many markets. For instance, Shanghai is one market and Fujian is another one with different consumption characteristics. We need to draw insights into consumer behavior in different parts of China."