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"Even though initiating a trade remedy investigation is the legitimate right of a World Trade Organization member, the frequent and excessive protection of domestic industries will not achieve the intended purpose of trade remedies and often creates a vicious circle," said Wang.

"Despite the COVID-19 outbreak, China has witnessed growth opportunities for new internet-based forms of consumption. And a large amount of new consumption models appeared amid the pandemic, boosting online consumption of goods and services in fields such as medical care, education, entertainment, tourism, sports and fitness."

"Disruption to everyday life may be severe," she warned at a news conference. 

"Even though COVID-19 has added a number of unstable factors to the global economy, we were able to witness China's quick recovery from the pandemic and the great resilience of its people, which makes us more confident about this market," said Zheng Dazhi, Asia-Pacific president of Bosch Thermotechnology, a German manufacturer of energy-efficient heating and hot water products.

"Even researchers from other countries showed interest in the pattern of integrating academics with farmers' productivity and wanted to try it," Zhang said.