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"China has demonstrated a strong willingness toward de-risking," said Nicholas Zhu, vice-president and senior credit officer at Moody's Investors Service. Zhu said global credit ratings agencies are keeping a close watch to see if financial leverage increases due to the stimulus measures for curbing downside pressures on the economy.

"China is ready to work together with all parties to dedicate ourselves to openness and win-win outcomes, strengthen multilateralism and multilateral trading system, and keep striving for a community with a shared future for mankind," he said.

"China is driving national reform through the new infrastructure initiative, and the public cloud is playing a key role in powering adaptive enterprises. As one of the leaders in global public cloud market, the acceleration of AWS in cloud services in China will effectively provide more competitive options for enterprises in China and worldwide to modernize applications and drive digital transformation," said Charlie Dai, a principal analyst at Forrester, a business strategy and economic consultancy.

"By the end of June this year, 5.7 kilowatt of generators have been renovated, accounting for 60 percent of the total installed capacity of coal-fired power units," said Liu Bingjiang, director of the Department of Air Environmental Management, the Ministry of Environmental Protection.

"China is a huge spirits market, and we just see it quite an opportunity for us," she said.