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"China is one of our most important strategic markets," said DJ Koh, president and CEO of IT & mobile communications division of Samsung Electronics.

"China offered a model of recovery, stabilization and then growth," David Weinberg, CEO of Skechers USA Inc, told analysts on an earning call. Overall, the sneaker company's quarterly sales dropped 42 percent from a year earlier but were bolstered in part by 11.5 percent growth in China.

"China is wise and capable of tackling risks and challenges" even if the financial sector enters into a phase of "risk explosion", said Li Yang, director of the National Institution for Finance and Development, or NIFD, under the Chinese Academy of Social Sciences.

"By further promoting digital development and strengthening the creation of business scenarios, banks will play a greater role in helping small businesses overcome financing difficulties and lower financing costs," he said.

"China and the Philippines have reached consensus on the joint development of oil and gas resources in the South China Sea and have established a cooperation mechanism for relevant consultations," Zhao said at a daily news briefing.