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"Education is the long-term mechanism for lifting people out of poverty, as we could see more and more people have become better off after receiving higher education," Zeng said.

"Cutting the RRR is necessary, as the borrowing costs in the interbank system have risen recently and the small and medium-sized banks still need cheaper funds to increase credit for the real economy," said Lou Feipeng, a senior economist at Postal Savings Bank of China.

"During the current market downturn, investors will not jump at such a blurry signal of policy changes. Investors are still waiting to hear top regulators' policy stances," he added.

"Cutting taxes when the (US) economy is seeing full employment is likely to suck in more imports to satisfy some of the extra demand. The (US) trade deficit is already running at a 10-year high (and half of that is with the Chinese mainland) and is set to increase. The risk of trade friction seems likely to intensify in the coming year," cautioned Richard Jerram, chief economist at Bank of Singapore — the private banking arm of OCBC Bank.

"During those days that I got exposed to e-business, prospects were hard to come by so when an opportunity popped up at Kilimall, I welcomed it with open arms. I joined Kilimall as a content editor and soon rose to the rank of digital marketer," Muiruri said.