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"China has made great progress, but if you reflect back, the Global Findex showed that we went from the low 60s to about 69 percent of people in the world covered in terms of financial access," Kim said, referring to the finding that 69 percent of adults around the world, or 3.8 billion people, have an account at a bank or mobile money provider, up from 62 percent in 2014.

"China advanced the green and low-carbon transformation of energy in the first three quarters," said Song Wen, deputy director of the development and planning office of the NEA.

"But the policymakers would need to skillfully manage liquidity so that the case does not fuel a series of defaults, which would make the market nervous. We expect the Chinese government will be able to manage the rising credit risks in China," Pang added.

"China likes larger fish, around 7 kg, but there was an early harvest last year in order to provide healthy and high-quality salmon, which resulted in smaller fish. That is why exports to China dipped a bit in 2016."

"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.