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"Can the Chinese model be completely copied? We certainly see that China actually has a lot of experience worth emulating … but when studying the experience of China in this outbreak, we must also pay attention to the national conditions of each country," he said.

"By sharing its own relevant information, China hopes to provide a model and reference for the six member countries to jointly build the information-sharing platform. Meanwhile, the beneficial results of Lancang-Mekong water resources cooperation will also be systematically showcased as evidence that we, the six member countries, are capable of doing a good job in water resources cooperation."

"But the policymakers would need to skillfully manage liquidity so that the case does not fuel a series of defaults, which would make the market nervous. We expect the Chinese government will be able to manage the rising credit risks in China," Pang added.

"But manufacturers of consumer products saw more rapid increases due to the upcoming Spring Festival holiday," he said. Sectors including farm produce processing, food and beverages, textiles and garments, and medicine witnessed robust growth.

"But, the improvement has been limited. Investors are still concerned about default risks of private enterprises," he said.