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"By cooperating with other countries in a more open manner, China is seeing improving external environment for its high-quality development," said Li Xunlei, chief economist with Zhongtai Securities.

"China dream says that the future success of the Chinese people is tied to the success of the people all around the world," Ahmad said.

"By sharing resources, firms can lower costs in research and development, raw materials, logistics, equipment and labor," he added.

"China is the world's second-largest economy and is already the largest global trading partner for Germany and South Korea. With China becoming a strong import and export market, coupled with rising domestic consumption, there are opportunities for further trade growth with its partners," Huang said.

"China may further loosen monetary policy and launch various measures, including further increasing the credit supply to meet the real economy's needs and further reducing its financing costs, encouraging banks to issue more loans to small and micro businesses and introducing innovative monetary policy instruments," said Zeng Gang, deputy director-general of the National Institution for Finance & Development.