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"Corporate strategy, investment decisions and internal control system issues caused these defaults," he said.

"China's quick victory" over the COVID-19 pandemic "put the Chinese economy in a better situation than the rest of the world," said William Jones, Washington bureau chief of the US publication Executive Intelligence Review, adding that by maintaining its productive capability, China will not only benefit its own economy once the pent-up demand is released post-pandemic, but also provide "a lifeline" for countries that have "maintained the production lines in China."

"China's booming e-commerce business is an important engine for our growth as it is driving the entire transport system forward, setting high demand for punctuality and reliability," Svedberg said.

"Countries experiencing political turmoil where rebel movements roam the hinterland invariably have bridges blown up with explosives. In such circumstances, it's sensible to strengthen political instruments that can guarantee stability instead of building roads," he said.

"Chinese tourists, especially millennials, live on their smartphones. The Chinese tourists you see around the world are glued to their smartphones, and WeChat is the center of that," Towson said.