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As the containment of the coronavirus is still a common task for both sides, Feng said mutual support and assistance between China and Central Asian countries when facing a common challenge has set a good example.

As the term "sharp power" is meant to preach a new round of "China threat", Michael Szonyi, professor of Chinese history and director of the Fairbank Center for Chinese Studies at Harvard University, told Xinhua that "one of the reasons that the term doesn't really work is that it suggests that the 'sharp power' is centralized".

As the central government seeks greater transparency for its contingent liabilities, local governments' direct financing through the bond market has increased while their reliance on indirect financing through local government financing vehicles, or LGFVs, has declined, said Moody's.

As the world's second largest economy and a major growth driver in the face of the COVID-19 pandemic, China, with its deeper-level reform and higher-level opening-up, will ultimately promote a more peaceful, safe and developed international system, added Xiong.

As telecom carriers around the world are scrambling to roll out their own 5G networks, Xu also highlighted the independence of 5G base stations and 5G core networks.