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"China continues to be our reliable trading partner for our country during this time of need. Infectious diseases know no borders. To fight this pandemic, to get our city and our country going again, it is critical that people from across the globe find our common humanity that we lock ours and that we work together," Bush said.

"China has never sought a trade surplus," Huang said, noting that the current trade situation is determined by the market and ultimately by the economic structure and industrial competitiveness of the countries involved.

"China is well-placed to help lead that effort," Sachs said. "China's advances in green and digital technologies are beneficial not only for China but for the whole world, such as the deep reductions in the costs of renewable energy and 5G," he said.

"But the government is also striking a delicate balance between innovation and risk. When it comes to the financial system, it is extremely careful about systemic risk."

"China has basically fulfilled all WTO rules and rulings," said Vice-Minister of Commerce Wang Shouwen during a briefing on the white paper on Thursday, quoting Adam Posen, president of the Peterson Institute for International Economics.