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"China may do nothing," he added. "We need to wait until something actually happens."

"China and the EU should join hands to cope with new changes in economic globalization by persisting in free trade and multilateralism as the focus," said Chi Fulin, president of the China Institute for Reform and Development.

"China has made solid and encouraging efforts in improving the business environment, which created more opportunities for foreign investors and offers more choices to consumers," Zhang said.

"China performed relatively strongly across the board, boasting low rates of early marriage and teenage pregnancy," said Wang Chao, Save the Children's country director.

"But too much aggressive stimulus may lead to inflation and a surge in the macro leverage ratio," the PBOC governor warned. "Thus, (China) needs to keep using the conventional monetary policy tools as long as possible, to support the long-term development strategy."