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"China's foreign exchange market remained stable, with a general balanced demand and supply relationship of foreign exchanges," said Wang, who expected severe impact from the pandemic on global economy and trade growth, along with increasing volatility in international financial markets.

"Companies are facing challenges because most of them lack the core competitiveness. It's a good thing for the market to decide who can survive and who should be kicked out," he said.

"China's wealth management industry will embrace a historical transition of business models and a comprehensive restructuring of its ecosystem. The establishment of ABC Wealth Management is an important measure taken by the Agricultural Bank of China to carry out supply-side structural reform in the financial sector, further implement new regulations on the asset management industry, push for high-quality development of the real economy, and actively tackle changes in the wealth management industry," said Zhou Mubing, chairman of Agricultural Bank of China, the country's third largest commercial lender by assets.

"Continuing the move toward a more market-based and transparent monetary policy framework is a key element in ensuring an orderly transition to an effective float, which may also require use of foreign exchange reserves to smooth excessive volatility," suggested the IMF, proving that China's foreign exchange reserves are sufficient.

"China sincerely hopes that relevant parties of South Sudan could put the people's interests above all else, establish confidence in peace, fulfill the commitment to peace, accelerate the implementation of the revitalization peace agreement, and realize permanent peace in South Sudan at an early date," said Feng Bo, Military Attache of the Chinese Embassy in Juba.