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"But the outlook will be more challenging this year as banks are asked to lend more to private enterprises and at lower rates," she said.

"China has made great progress, but if you reflect back, the Global Findex showed that we went from the low 60s to about 69 percent of people in the world covered in terms of financial access," Kim said, referring to the finding that globally 69 percent of adults, or 3.8 billion people, have an account at a bank or mobile money provider, up from 62 percent in 2014.

"China has sufficient foreign exchange reserves, a low foreign debt level and various monetary policy tools that can consolidate the basis for the yuan's stability," the note said.

"China is seeing a consumption upgrade as consumers are restructuring purchasing behavior and lifestyle," Zhao said.

"China is the world’s largest electric car market with tremendous potential for further development. We are already working with strong and trusted partners in China, not only to enhance our local footprint but also to strengthen our competitiveness worldwide," Troksa said.