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"Global investors may no longer regard China as a manufacturing base with low-cost labor, but a strategically important consumer market," Shen said, citing that future growth in inbound M&A investment may mainly come from consumer goods sectors, instead of export-oriented factories.

"Foremost, this has been because of economic reform measures, notably the supply-side reforms, market access measures and financial de-risking measures. Fiscal policy has also been modestly proactive," he said.

"Global growth is projected at –3.0 percent in 2020, an outcome far worse than during the 2009 global financial crisis," the IMF said in World Economic Outlook released Tuesday. It added that there was "extreme uncertainty", and the situation could get much worse.

"Globalization exists in a political context. In the 19th century, it largely took place within European empires. In the 20th century, it took place through US-backed international institutions, and in the 21st century, it may exist within China-centered institutions such as the BRI," he said.

"Flooding, landslides and other geological hazards that usually happen after typhoons might still threaten local people's lives and property, and relevant departments should continue to introduce effective and concrete measures to fight possible disasters," the statement said.