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"China is willing to work with relevant members to jointly safeguard the authority of the multilateral trading system," the official added.

"China has the best petri dish, and could produce ventilators and masks for the public good," explained Robertson, vice-president and fellow at the Canadian Global Affairs Institute.

"China is committed to eliminating poverty among its people, and Argentina shares the same wish," he said. "My understanding is that the Chinese poverty reduction experiences may be helpful in similar areas of my country. Cooperation in this area is crucial."

"Capacity-building programs can be developed to benefit both Chinese investors and investment destinations on the continent," he said.

"China has ample foreign exchange reserves and relatively large room for policy controls. China is capable and confident in coping with all sorts of challenges," said Wang Chunying, spokesperson for the State Administration of Foreign Exchange, at a press conference Thursday.