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"But still, bilateral trade has been growing so fast. It has benefited both countries. As people do more bilateral trade and investment with each other and there is more and closer contact between each other, competition will also increase. This is just a fact," he said.

"China is able to respond to various uncertainties, supported by ample space for macroeconomic policies with a rich set of policy tools," said Yi, as quoted in the statement.

"China has embraced a robust development of both e-commerce and related logistics, and we have quite a lot of experience to share with other countries in this regard. But to do this, we need not only to lead in the quantity of business, but more importantly, to have a well regulated and healthy market," Ouyang said.

"China is pretty big geographically, so it may make sense to have factories in other parts of China in order to reduce logistics costs," said Musk at Tesla's annual shareholder meeting in Mountain View, California. "The faster you scale, the more cash you have."

"China has the world's most complete industrial system with the most diversified sectors and vigorous domestic demand," said Pang Xingjian, senior vice-president of Schneider Electric China, adding the epidemic and its recent impact on factory business will push more Chinese companies, especially small and medium-sized enterprises, to focus on digital transformation for robust growth.