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"China's twin cushions－foreign exchange reserves and extremely high domestic savings rates－provided it with both the resilience and policy space to proactively address major economic and financial threats, unlike more-vulnerable economies. This is increasingly important in a crisis-prone world," Roach added.

"China will continue to work towards dialogue and detente, advance political settlement process, and play a positive and constructive role on working towards denuclearization of the peninsula and lasting peace and stability in the region," the spokesperson stressed.

"Considering that the average basic consumption expenditure for residents in Chinese cities and towns is about 4,200 yuan a month per person in 2018, we set the minimum threshold of personal income tax at 5,000 yuan. It not only covers the expenditures but also leaves room for further increases in consumption," Vice-Finance Minister Cheng Lihua said at a news conference on Friday.

"China's opening-up policy is beneficial to all countries including Cambodia," he noted.

"Chinese people have built mega-projects benefiting all over the world, more precisely on our African continent," he insisted.