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"Chinese equity markets will become a more attractive option for international investors as they have a lower-than-average allocation on China. Their holding of China's equities, compared with their overall portfolio, is far less than the share of China's economy in the world," said Chen Jiahe, chief investment officer at Novem Arcae Technologies, a wealth management firm in Beijing.

"Consciously or subconsciously, there is often the American approach, which is either my way or the highway, that you want to do what I say or goodbye," said Rudd. "My counsel to my American friends would be: When you're dealing with a smaller country like Australia, or a large country like China, it is deeply important to exhibit not just courtesy and respect but an understanding of why other countries think the way they think without just assuming that they are wrong."

"China's recovery has been in the form of a 'V' (rapid growth after an abrupt decline) and it is the first country to grow after the pandemic and at a faster rate, despite the impact of the disease and the trade measures applied by the United States," said the expert.

"China urges these countries to abandon hegemony and power politics, and stop all the wrong deeds that go against the trend of history," he said.

"China's new five-year plan will address the challenges with a focus on high-quality development rather than just high-speed growth," Zhu said.