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"China's economic recovery will ultimately depend on the success of a large part of the world overcoming the epidemic in a cohesive manner," he said.

"China's foreign exchange market remained stable, with a generally balanced demand and supply of foreign exchange," said Wang, who expected a severe effect of the pandemic on the global economy and trade growth, along with increasing volatility in international financial markets.

"China's current account is now broadly in line with fundamentals," said Gita Gopinath, an economist at the IMF. "The (current account surplus) decline reflected a combination of structural factors and expansionary credit and fiscal policies, but also greater exchange rate flexibility and the associated real appreciation over the last decade."

"Currently, Africa mostly trades in raw materials with China, for instance, and imports of manufactured goods from Beijing, thus since the AfCFTA's developmental approach is solidly grounded in Africa's political economy realities and development challenges, then increased local trade would boost the continent's export power and diversification," he said.

"Cultural trends need to be discovered, and then to be followed to maintain vibrancy," Wang said.