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"Currently, COVID-19 is eroding human life and health. The world has fallen into a deep recession. Global governance is facing serious dilemmas with huge tides of unemployment, bankruptcies and supply chain disruptions as well as the ever growing deficits in governance, development and trust," Wang said.

"Companies need to learn how Chinese consumers think about the different ingredients of healthcare products and provide more solutions to maintain good health," he said, adding a targeted marketing channel can make the business more profitable.

"China was the country's biggest source of imports with 15.3 percent share in March 2018. Import payments to China stood at .24 billion, posting a decrease of 12.0 percent from .41 billion in March 2017," the PSA said in a statement.

"Currently, FICC business accounts for no more than 5 percent in Chinese securities firms' profits, far below 40 percent or more of world leading players. This makes profits of Chinese securities firms heavily reliant on the stock markets' performance," Chen said.

"China's AI industry is leading in applications compared with other countries," said Yuan. "We lack innovation in ideas since there exists a large gap between research institutes and enterprises."