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"Countries around the world face a critical test, which is whether we can reach consensus that international cooperation is the biggest driver of global growth and a key solution to preventing the economy from falling into a deep recession," Chen said on Friday at the sixth Global Think Tank Summit, held by the China Center for International Economic Exchanges.

"Chinese companies will have better access to the global market by showcasing their products online, given that the COVID-19 pandemic has already cast a shadow over global trade," Wu added.

"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.

"Companies will be more competitive because of the new policy and consumers will be more in tune with international trends," Yu said.

"China's shipbuilding industry is realizing the transformation with its hardworking spirit to achieve technical breakthrough and innovation," said Sun Licheng, president of China Classification Society.