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"China's economic recovery was not strong enough due to limited improvement in demand, and some companies didn't replenish inventories," said Zhong Zhengsheng, chairman and chief economist at CEBM Group, a Caixin subsidiary.

"China will help stabilize global supply chains by boosting support to automobile and electronics sectors and will also ramp up resources to provide foreign countries with more active pharmaceutical ingredients," Xin said.

"China should stick to reforms to boost growth," said Han Wenxiu, deputy head of the office of the Central Leading Group on Financial and Economic Affairs, at a forum on Saturday.

"Chinese consumers have already developed the habit of buying almost everything online. The expensive, large-size home appliances can now also be bought with a mouse click, with e-commerce companies building trust with consumers and offering free installation services," said Lu Zhenwang, CEO of Shanghai-based Wanqing Consultancy.

"Countries around the world face a critical test, which is whether we can reach consensus that international cooperation is the biggest driver of global growth and a key solution to preventing the economy from falling into a deep recession," Chen said on Friday at the sixth Global Think Tank Summit, held by the China Center for International Economic Exchanges.