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"China is well-placed to help lead that effort," Sachs said. "China's advances in green and digital technologies are beneficial not only for China but for the whole world, such as the deep reductions in the costs of renewable energy and 5G," he said.

"By providing power to Pakistanis, who previously had no proper access to electricity, these projects will also greatly help the country's economic and social development," said Yuan Jiamei, a professor at North China Electric Power University.

"China has maintained its growth resilience and gained reform momentum," said John Litwack, World Bank lead economist for China. "The authorities have undertaken a host of policy and regulatory measures aimed at reducing macroeconomic imbalances and limiting financial risks without notable impact on growth," Litwack said, adding that this year has been a "successful" year for the world's second-largest economy "on many fronts".

"China overtook Australia as our top export market in 2013 and has remained at the top every calendar year since," international statistics manager Tehseen Islam said in a statement.

"By 2025, 25 to 35 percent of our model family will be electric," Woellenstein said.