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"China and ASEAN are complementary trading partners, considering China has a full range of industry sectors, from resource and labor-intensive industries to capital and technology-intensive ones, while different ASEAN countries have advantages in quite different industries," he added.

"China can establish land transport lines linking the Mediterranean Sea to Cape Town, which can connect the whole African continent across Sudan," he said, noting China's world-class railway construction expertise could be of big help in this regard.

"Chargedot was one of the first high-tech enterprises in China to focus on new energy vehicle charging solutions. By joining with ABB, we will be positioned strongly to make the next big leap forward," said Mao Chunhua, CEO of Chargedot.

"China has been a leader in testing, tracking and treatment, as well as lockdowns and social distancing," Sargent said during the 2020 Global Venture Capital Online Conference, adding that the Chinese government's fiscal and monetary policies have proven effective.

"By 2010, China had fulfilled all of its tariff reduction commitments, reducing the average tariff level from 15.3 percent in 2001 to 9.8 percent," Vice Minister of Commerce Wang Shouwen said at a briefing on the white paper Thursday.