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"China has entered a stage of stabilizing the leverage ratio and is gradually reducing it," Zhou said, noting that China is likely to reduce reliance on wide capital support for economic growth as the country seeks high-quality development.

"China has demonstrated a strong willingness toward de-risking," said Nicholas Zhu, vice-president and senior credit officer at Moody's Investors Service. Zhu said global credit ratings agencies are keeping a close watch to see if financial leverage increases due to the stimulus measures for curbing downside pressures on the economy.

"China has developed rapidly in the age of globalization and CRRC has become the largest high-speed train maker in the world," he said.

"China has embraced the world with open arms, made a significant contribution to promoting international trade and increasing global wellbeing, and become a key anchor and driver for the world economy," says the white paper.

"But still, there are plenty of uncertainties, and fluctuations are very normal. I don't worry about the influences (on the renminbi value), but you need to manage the fluctuations. It requires more instruments to hedge risks," Daniel Schmand, chairman of the International Chamber of Commerce Banking Commission and head of trade finance at Deutsche Bank, told China Daily on Wednesday.