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China's experiences and practices are already helping to solve global problems. For example, Chinese EPCs (engineering, procurement and construction companies) have been working on projects in developing markets for years, with additional growth spurred by the Belt and Road Initiative.

China's consumption upgrade is continuing, the ministry said, adding that some emerging consumption such as internet consumption, customized consumption, experience consumption and smart consumption were the highlights during the holiday.

China's economy will be among the first in the world to rebound under stepped-up recovery of economic activities, and the country's accomplishments in fighting COVID-19 also appeal to global investors, said Guan Tao, an economist with BOC International.

China's innovation and entrepreneurship environment is full of vitality, which provides good opportunities for companies, Kirchert said.

China's new economic model can be viewed partly as a way of preparing for this shock while at the same time working to keep the sustainable benefits of openness and international trade. But, more importantly, the new model is a response to fundamental changes in China made possible by rising incomes and long-term improvements in productivity.