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"China has obviously managed the pandemic better than other economies so far. It has a lot of domestic space to be able to manage a strong recovery. A lot will depend on policy choices. But we believe that China has the opportunity to seriously expand its domestic economy," Richard Kozul-Wright, UNCTAD's director of the division on globalization and development strategies, was quoted by Xinhua News Agency as saying.

"By providing better care and a fair waiting system for the pilgrims, people will be unlikely to choose illegal hajj tours," Dai said.

"China is actually becoming the leader in many markets and technologies that we are interested in," said Shafer, referring to digital platforms in China that help companies engage with customers.

"By genuinely engaging with international institutions and foreign partners, it could contribute to bringing economic and broader institutional development to countries which, until now, have not seen much of either," said Berglof.

"China is making enormous investment in academic infrastructure to build up research capabilities, and that investment will pay off," he said.