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"China depends on the South China Sea for its commerce. Therefore, in order to secure this vital trade passageway, China has a strong interest in regional stability and freedom of navigation in the South China Sea," Gao said.

"China is actively participating in global health governance and promoting the building of a shared community with a common destiny, as well as helping developing countries to achieve their universal healthcare goals," said Ma, who is leading the Chinese delegation at the assembly.

"But we will be very cautious about overseas expansion, to ensure a steady development of the group," he added.

"But more significant steps are needed if policymakers want to stabilize growth," he added.

"But we still need to pay attention to the potential influences and prevent financing difficulties for small business in the second half, as tight financial regulation is expected to continue."