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"Consumers are going back to trust bigger brands amid the uncertainties … so that in many ways the growth of insurgent brands has slowed down," Lannes said.

"Confronted with major challenges to public health, no country can stand alone, nor be almighty," said Xing, who urged the international community to work together in the fight against COVID-19.

"China's development needs to be coordinated with the world's, and the best solution is to continue carrying out bold reforms and opening-up."

"China would be more open to the world economy, through efforts such as hosting a China International Import Expo," he said, adding that China' s foreign trade will grow steadily and support 8 to 9 percent of the total economic growth.

"China's system of governance is right for China, and our system of governance is right for us. We shouldn't expect China to embrace ours, nor should China expect us to embrace theirs," Bush said.