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"By working with the host countries, we have already begun to issue early warning information regarding national trade and investment credit risks and a legal policy service guide, as well as help companies understand and pre-examine the actual situation, to effectively avoid and properly respond to potential business risks and policy changes," he said.

"By the end of December last year, the channel had almost 20,000 visits, and we have helped more than 17,500 workers in 1,600 cases to recover their defaulted payments," said Shi Hansheng, deputy director of the public legal services administration of the Ministry of Justice.

"But the policy response has also contributed to global public debt reaching its highest level in recorded history, at over 100 percent of global GDP (Gross domestic product), in excess of post-World War II peaks," they noted.

"China has shown economic strength... in the last decades, its economy has also fueled our growth in ASEAN with tourism from China, manufacturing and infrastructure projects," he 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.