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"China's inflation is expected to remain stable and there is little likelihood of seeing a significant increase since the economy remains sound," said an official from the National Development and Reform Commission who declined to be identified, adding that the effects of external pressures, such as commodity price fluctuations and potential tariffs, remain under control.

"Chinese automakers have the capacity to challenge the dominance of market leaders on the back of economies of scale and they already have an edge with the electric vehicle technology that fits well into the Indian government's vision to become a key global base for electrification," said the report quoting Amit Kaushik, managing director at the consultancy firm Urban Science.

"China's steps of reform and opening-up will never stop," Han said, adding that the country will not resort to a closed economy under the "dual-circulation" development pattern.

"Compared to the amount being spent on 4G between 2013 to 2020, that will be an increase of 48 percent," the New York-based commercial lender stated.

"China's cooperation with Africa never interferes in the internal affairs of African countries and political conditions are never attached. Those are the principles we hold when dealing with Africa's debt problems. The label 'debt trap' cannot be handed to China," he said.