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"But there is still a structural gap between China's services trade and other economies'. The country's per-capita service trade is smaller than many countries," Li said.

"By hosting diplomatic events at home, Beijing shows its resolution and ability to fly the banner of globalization and lead the process of multilateral cooperation," said Ji, from the China Institutes of Contemporary International Relations.

"China is not the enemy," Jeffrey Sachs, a professor at Columbia University, wrote in an opinion column published by CNN. "It is a nation trying to raise its living standards through education, international trade, infrastructure investment and improved technologies.

"China is such a significant economic player, and the Belt and Road Initiative could be globally transformational," Lehr said.

"China has the advantage of having both the fiscal and monetary pushes to help stimulate the recovery, while most other economies that will face the same economic headwinds do not have the same level of playing cards at their disposal," Ahmad said.