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"China continues to be very eager to link up a large part of Asia," he said, referring to increasing investment under the BRI.

"CIIE will bring a very strong exposure to our company by introducing us to high-level government officials, influential trade professionals, including many existing and potential customers, and also hopefully the general public, and this could result in recruiting opportunities for us," said Laurent Castella, head of Market Region Asia, GF Machining Solutions, during a recent media briefing in Shanghai.

"China is a relatively open country compared to many countries in the world; there are many opportunities for cooperation as well as conflict. The strategic relations can be highly competitive; in some areas we can have a common interest," Ross said.

"China is still a developing country. Its development needs World Bank support, and the Bank's development also needs China's contribution," the Ministry of Finance said on Tuesday.

"But not all have already or are projected to recover by next year. China is the only major economy that has recovered already to pre-pandemic output levels, thus its 8 percent growth rate will look high due to the low base this year," she said.