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"China has obviously managed the pandemic better than other economies so far. It has a lot of domestic space to be able to manage a strong recovery. A lot will depend on policy choices. But we believe that China has the opportunity to seriously expand its domestic economy," Richard Kozul-Wright, UNCTAD's director of the division on globalization and development strategies, was quoted by Xinhua News Agency as saying.

"China initially learned a lot from the developed world in terms of technology, setting up special economic zones in the late 1970s and being open to ideas," he said. "It now has 34 years of experience to share with others."

"China has a great chance to successfully achieve the internationalization of the renminbi in Southeast Asia… A lot of border trade in Yunnan province is settled in the renminbi," Yang said.

"China is a very important market for United, and it's growing rapidly," he said.

"China is now one of the most important economies in the world," she said. "We should have the confidence to understand that we no longer need traditional Chinese features to define our design.