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"China was the first country to successfully fight the pandemic among major global economies. Thanks to that, our business in China is also recovering quickly," Goller said.

"Chinese companies have invested over 7 billion in Australia since 2008 and this capital has been a really important contributor to economic growth locally but new investment is slowing," Ferguson said in the report.

"Continuing the upgrading of China's industrial structure, consumption structure and urban-rural structure will breed huge domestic demand potential, which should be the key power to support the nation's economic growth of about 6 percent in the next five years," Kuang said.

"China's economy showed signs of marginal recovery in September, as the labor market improved and domestic demand increased at a faster pace," said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, a subsidiary of Caixin.

"China remains committed to the managed floating exchange rate regime based on market supply and demand, and with reference to a basket of currencies," said a statement from the People's Bank of China, the central bank.