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"China will have similar issues as Germany. China is not a cheap manufacture place anymore. It needs to transform to advanced manufacturing, and needs technology ... to make manufacture more flexible," he said.

"Chinese enterprises are making great contributions to Angola in helping rebuild its infrastructure ravaged by its previous civil turmoil. These include highways, hospitals, schools and others," Joao Salvador dos Santos Neto said in an exclusive interview with China Daily.

"Chinese banks' capital adequacy ratio is higher than the international minimum standard by two to three percentage points, meaning there is enough ammunition to fend off risks," said CBRC official Xiao Yuanqi.

"China will work with other countries to enhance macro policy coordination, accelerate international cooperation in the digital sector, step up intellectual property protection and facilitate the vibrant growth of the digital economy and sharing economy," he said, noting that such efforts will generate renewed dynamism for the world economy.

"Currently, we sell about 450,000 smartphones in China every day," Ren said in late March. "As the demand further recovers, monthly sales are expected to reach 20 million units later this year."