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"China is an important factor," said Suan, adding that China's performance will be particularly important for the countries of the Southeast Asian regional grouping.

"China has been the second-largest life insurance market in the world, but market potential remains large as the population ages and spending on healthcare increases", Su added.

"Central and local government borrowing is beginning to reach its limits, so this is probably the right way to go. His message on quantitative easing will also perhaps alleviate some market concerns."

"China is one of the most important investment destinations for Temasek, and we remain optimistic on China's trajectory in the medium to long term," said Wu Yibing, head of China, Temasek.

"China has all these resources which if deployed in Africa could help the Continent Free Trade area to be fully realized," Karingi said on the sidelines of the Presidential Infrastructure Champion Initiative (PICI) Technical Task Team Workshop.