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"Currently, the pandemic is continuing its spread across the world. Given the complicated and severe international economic and trade situation, whether China's industrial profit growth will continue still remains uncertain," Zhu said.

"Chinese authorities have not used the exchange rate in prior easing cycles to support growth, and they are unlikely to do so now, as this could pose macroeconomic stability risk," said Andrew Fennell, lead sovereign analyst for China at Fitch Ratings.

"China will, as always, uphold the international system with the UN at its core and the international order underpinned by international law and promote a global community with a shared future," he said.

"Considering the world's largest market's scale, the international carmakers are focusing more on China, so they are empowering the companies in the country," he added.

"China wants to tell the United States and other countries not to confront the international community and not to go any further on the wrong path."