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"Foreign firms have been satisfied with China's enhanced efforts in fighting against the novel coronavirus epidemic," Wei said, citing that some big-ticket projects, like BASF's billion project in Guangdong province, are underway in an orderly manner.

"Good entrepreneurship education can lead to entrepreneurial success and help promote an entrepreneurial culture," said Mao Donghui, executive director of X-Lab of Tsinghua, a startup incubator education platform. "This explains why entrepreneurship academics become popular in the West.

"For luxury brands, the market of Gen Z(referring to those born after the mid-1990s) matters hugely," Mike Hu, the managing director of Tmall in charge of fashion and luxury products, said in a press release.

"From the perspective of global competition, China needs an international financial center that has its say worldwide. Unilateral trade and trade protectionism will not last long since the multipolarization of the world economy is now irreversible," he added.

"Free trade arrangements among WTO members are a helpful supplement and a positive driving force for the multilateral trading system," Xue added.