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"The DPRK should have been entitled to peaceful use of outer space, but this right is currently restricted by the United Nations Security Council resolutions," said Chinese Foreign Ministry spokesperson Hua Chunying, in response to a question on the DPRK's announcement on the launch of satellite Kwangmyongsong-4.

Unlike political-economic models where efficiency and democracy appear compatible, the "China miracle," to some extent, is a result of both running in parallel.

Hong said the Chinese side had proposed parallel tracks, which involve denuclearization of the Korean Peninsula and the replacement of the Korean armistice with a peace agreement.

Although ailing global demand has substantially dragged down China's foreign trade, the government-pushed exports of advanced industrial production capacity and cooperation with countries along the Belt and Road will open new frontier of overseas-driven growth.

"China is, in fact, playing a pioneering role in the structural reform that the global economy desperately needs, hence it should be applauded and encouraged," he wrote.