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"Chinese businesses will inevitably take on a global leadership role as it participates more closely in this conversation. Yet a variety of barriers must be navigated in order for that leadership to be viewed favorably and with trust," the report said.

"Cooperation between government and social capital will be put on the priority list," he added.

"China's economy stabilized in the first quarter of 2019, better than expected, and will hopefully achieve stable growth for the whole year… The banking sector will continue to step up the efforts to dispose of nonperforming loans and will keep pressing ahead risk prevention and control in key areas," said Liu Zhiqing, deputy director-general of the statistics IT and risk surveillance department of the CBIRC, the country's top banking and insurance regulator.

"China stands against unilateralism and trade investment protectionism," Ma Zhaoxu said at UN headquarters in New York on Monday. "We believe trade disputes and frictions should be resolved in a reasonable manner.

"Compared to the complicated process of setting up regulations, it's a much more feasible approach to provide withdrawal programs for smokers as part of efforts to protect the public from smoke fumes," she said.