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"China is very experienced in land renewal. We've seen a successful case in the Kubuqi Desert, where 6,000 square kilometers of land once covered by sand is now green and more than 100,000 of its people are now out of poverty," said Monique Barbut, the UN desertification convention executive secretary.

"By improving judicial efficiency, companies heavily in debt can be cleared from the market as quickly as possible, and those that still have value in the market can be rebuilt more quickly," Liu said.

"China hopes to maintain a stable military-to-military relationship with the US," Li said. "But the antagonistic attitude toward China and Russia that the US military has cultivated in recent years will not likely change." 

"China has become a major market for US exports including high-tech goods, machineries, agricultural products and consumer goods. A trade war will definitely not be in the interest of the US," he said.

"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".