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SPC judge Song Ying said expert witnesses could fill gaps where judges lack professional knowledge.

While things may not look good, we must not lose confidence. The truth is, Asia has emerged only stronger from the two previous financial crises. Quite many Asian countries have become much more experienced as to how to beef up the real economy and fend off financial risks. Regional cooperation in Asia has also delivered fruitful results. Last year, growth in Asia was still faster than the global average. Asia's share in the global economy further increased, and Asia contributed to about one third of global trade. This part of the world has remained one of the most dynamic globally.

China has also proposed mechanisms where the existing international order falls short. For example, the "Belt and Road" initiative and the Asian Infrastructure Investment Bank are new public goods China is offering, Fu explained.

The NPC and the Chinese People's Political Consultative Conference (CPPCC) National Committee, the top political advisory body, are now on their annual sessions, with legislators and political advisors discussing major state affairs.

The South China Sea issue is not and should not become an issue between China and United States, Wang said, stressing that it is important to prevent any miscalculation between Washington and Beijing.