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China has managed to wrest control of the COVID-19 pandemic, with the success attributed to a speedy response and the country's culture, among other things, medical journal The Lancet has reported.

China has already showed that their management after 2008 was some of the best management of economic development in the world, so there is no possibility for a hard landing for the Chinese economy, Guppy said.

China has always stressed that consultations should be conducted under the principles of mutual respect, equality and mutual benefit, he said.

China has been the company's biggest customer and Rio Tinto generates more than 44 percent of its global revenue from the country, supplying lots of products including copper and iron ore for steel, and bauxite for aluminum and diamonds, said Jacques, head of the world's second-biggest mining company.

China has less motivation to further stimulate economic growth, but the government needs to search for more methods to control debt and reduce default risks, according to officials and economists.