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"China continues to focus on developing and improving its (financial) market infrastructure and the stock connect is a great example. If markets pull back in the short-term (amid trade frictions), investors should pounce to take advantage of the excellent entry point," Dehn said.

"By 2010, China had fulfilled all of its tariff reduction commitments, reducing the average tariff level from 15.3 percent in 2001 to 9.8 percent," Vice Minister of Commerce Wang Shouwen said at a briefing on the white paper Thursday.

"But the space on the monetary side is limited as we need to stick to efforts to promote deleveraging moves, while room for fiscal expansion remains ample - more tax cut policies can help to soothe economic concerns, in particular value-added tax," he said.

"China has shown itself to be a trusted and willing partner in the relationship. The impetus is now for the African continent to immediately leverage off the opportunities provided by China in order to grow its economy," Msimang said.

"But this crisis is not simply about liquidity. It is primarily about solvency -- at a time when large segments of the global economy have come to a complete stop. As a result, fiscal policy has a vital role to play," he said.