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"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 doing better in 2020, is very important for China. It is also very important for the rest of the world given China's share in the world economy," the IMF chief emphasized.

"China is already a key development partner of South Sudan. With South Sudan entering a period of relative peace after the signing of the September 2018 peace agreement, I expect China will assist us in the construction of roads, bridges and damaged oil pipelines," Morgan said.

"China is the only country apart from the United States that can provide a stable social and economic environment for large capital and attractive returns. It will continue to be a country that global capital will look highly upon and beef up their presence there," said Jay Chen, managing partner of CVCapital, an emerging investment bank.

"China is competitive in electricity equipment, technology and management and will help the world in electricity supply and energy transformation in the future," he said.