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"Compared with a currency under pressure, the bursting of an asset bubble is a more serious problem, and policymakers need to be very careful about the monetary policy, to prevent tightening too much," said Yoshiki Takeuchi, director-general of the International Bureau of Japan's Ministry of Finance.

"Citing the Joint Declaration as a justification for irresponsible remarks and interference in Hong Kong affairs has no valid ground. This goes against not only 'one country, two systems', but also the basic norms governing international relations," he said.

"Coordinated development in a region relies on county-level economies, which help bridge the economic coordination among medium-sized and large cities in a region, and help optimize resources allocation," he said.

"Crazy new technology is moving around and there are loads of people, and it's always busy," he said.

"China's economic recovery will ultimately depend on the success of a large part of the world overcoming the epidemic in a cohesive manner," he said.