China's steady economic recovery boosts global expectations for future growth

This was echoed by Agustin Carstens, general manager of the oldest international financial institution, the Bank for International Settlements, who said that China's resilient economy continues to be an engine of global growth.

Economists and experts say China has been sharing its development dividend with the rest of the world.

Joseph Matthews, a senior professor at the BELTEI International University in Phnom Penh, Cambodia, said China contributes to the world's economic development through multilateral frameworks.

China has a relatively modern economic system, first-class infrastructure and competent labor resources, said Anna Malindog-Uy, a researcher of Philippine-BRICS Strategic Studies, adding that "the stronger China's economic development is, the more countries that have trade and economic cooperation with China will benefit."