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"Countries in East Asia and the Pacific that were already coping with international trade tensions and the repercussions of the spread of COVID-19 in China are now faced with a global shock," said Victoria Kwakwa, Vice President for East Asia and the Pacific at the World Bank.

"China's attitude is very clear. The United States must change its attitude, show sincerity and correct its wrong practices if it wants the talks to continue," Gao said.

"China's inflation is expected to remain stable and there is little likelihood of seeing a significant increase since the economy remains sound," said an official from the National Development and Reform Commission who declined to be identified, adding that the effects of external pressures, such as commodity price fluctuations and potential tariffs, remain under control.

"China's wealth management industry will embrace a historical transition of business models and a comprehensive restructuring of its ecosystem. The establishment of ABC Wealth Management is an important measure taken by the Agricultural Bank of China to carry out supply-side structural reform in the financial sector, further implement new regulations on the asset management industry, push for high-quality development of the real economy, and actively tackle changes in the wealth management industry," said Zhou Mubing, chairman of Agricultural Bank of China, the country's third largest commercial lender by assets.

"China's role in the digital economy is no longer a question, I am quite impressed by the country's openness, a role that will increasingly shape the century," said Fadi Chehade, co-chair of the advisory committee to the World Internet Conference.