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"By doing such business, more SMEs are setting up their warehouses, customer services and a complete supply chain in foreign markets. Gradually, SMEs are able to serve customers overseas, just like big firms," Lou said.

"China is not the only one that wants to conclude a trade deal. The US wants it, too," Geng said at a regular news conference. "American people, especially consumers, strongly oppose the trade war and the additional tariffs on Chinese goods. Their voice speaks volumes."

"But we have our unique advantages－our dedication and focus over the past four years have given us probably the most complete set of building blocks for the era defined by intelligence, namely, SIOT and smart infrastructure, along with AI, big data, and services," he said.

"China has been fighting the virus on behalf of the world," said Hassan Ragab, dean of the Faculty of Language and head of the Confucius Institute at Egypt's Suez Canal University.

"But there is no need to panic. The contraction in earnings of most industrial sectors should substantially narrow in the second half of the year as domestic demand recovers," Yang said. He also underscored the importance of offering more tax relief and financial aid to hard-hit exporters as well as small businesses.