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"China is being pressured from both sides," an unidentified MIIT official told Xinhua. "Advanced economies such as the United States, Germany and Japan have all formulated policies supporting further development of their own manufacturing. At the same time, emerging economies such as India and Brazil are catching up with their own advantages."

"China is taking a leadership in maintaining free trade, and actively collaborating with international partners. The world cherishes that leadership, because collaboration and not confrontation is the way forward."

"Central banks' balance sheets are expanding extremely rapidly as they buy up large quantities of public and private assets and increase their lending to financial institutions in their efforts to counter the damaging economic impact of the coronavirus," Fitch said in a report.

"But the score shows that Chinese foundations have not passed the 'transparency test' and there's a long way to go," he said.?

"China is committed to eliminating poverty among its people, and Argentina shares the same wish," he said. "My understanding is that the Chinese poverty reduction experiences may be helpful in similar areas of my country. Cooperation in this area is crucial."