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"China has taken a step ahead in industrial transformation, but the room for cooperation is huge," Chen said.

"By mid-February, supplies of seam-sealing machines had become sufficient, helping expand the production capacity of protective suits," said Luo Junjie, deputy director of the ministry's industrial equipment department.

"China is the only country in the world that has all 41 major industrial categories, 207 medium industrial categories and 666 industrial subcategories, according to the industrial classifications of the United Nations," he said.

"But too much aggressive stimulus may lead to inflation and a surge in the macro leverage ratio," the PBOC governor warned. "Thus, (China) needs to keep using the conventional monetary policy tools as long as possible, to support the long-term development strategy."

"China has developed rapidly and conducted fruitful scientific research and made academic achievements over the past years. There is much to learn from China," Ham said.