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"China and the Democratic People's Republic of Korea are neighbors. Both sides know that maintaining, developing and consolidating the friendly and cooperative China-DPRK relations is not only in the best interests of both sides but also bears great significance in regional peace and stability," said Guo Yezhou, vice-minister of the department.

"China is the biggest single market in the world," said Francis Sum, president of China with Volvo Construction Equipment.

"China has managed to get the pandemic much better under control than Europe and the US. As a result, the retail sector has been recovering much faster in China as consumers feel more secure to be in public spaces and in stores, compared to the countries which are still strongly impacted by the pandemic," said Daniel Langer, CEO of brand strategy firm Equite and a professor of luxury strategy at Pepperdine University.

"But the space on the monetary side is limited as we need to stick to efforts to promote deleveraging moves, while room for fiscal expansion remains ample - more tax cut policies can help to soothe economic concerns, in particular value-added tax," he said.

"China is the best place to learn how to be agile, how to be fast, how to be market focused, so we think we bring global know-how, global innovation with the willingness to invest in local Chinese capabilities and stay relevant," said Wyant.