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China follows the principle of absolute immunity of foreign states and their property, thus Chinese litigants are unable to sue foreign governments from domestic courts, while Chinese governments have often been sued in foreign courts, he added.

China has a relatively low level of nonperforming loans, compared with some other countries, thus the regulators will have more room to adjust the policies, according to the PBOC official.

China has become the world's largest country for the production and consumption of mining resources, taking up 17 percent of the global share, and was followed by the United States and Russia in 2018.

China has more than 100 million market entities, with the majority being small and medium-sized enterprises (SMEs), which provide over 80 percent of the nation's total jobs. However, they were also hit hardest by the epidemic.

China could favor Airbus and actually come out ahead in job numbers,"he said. Cai von Rumohr, an analyst who covers Boeing for Cowen and Co, believes that China's options in regard to Boeing are limited.