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"Chinese consumers are increasingly discerning about their luxury purchases, demanding more variety and choice than ever. As we look to continue to meet this demand, we see many potential areas for future collaboration with Secoo," Hu said.

"Consumption upgrade and supply-side reform have fundamental impacts on all industries. Under such circumstances, the auto market is undergoing adjustments, but it is good for the sustainable development of the industry in the long run," said Puttfarcken.

"China's health-tech market is the second-largest globally and exhibits continued robust growth with significant potential," he said. "We focus on major diseases including cardiology, stroke, oncology and respiratory diseases to have developed integrated solutions including suites of systems, smart devices, software and services to meet the local customer needs."

"China urgently needs a growth boost" relying on an accelerated growth of infrastructure investment, said Yu Yongding, senior fellow and academician at the Chinese Academy of Social Sciences. Yu made the remarks at a forum titled "Stronger together: Global recovery from COVID-19" jointly organized by the Chinese Academy of Social Sciences and China Daily on Wednesday.

"Chinese consumers have different preferences than US consumers. They value different parts of the animal," Dermot Hayes, an agricultural economist at Iowa State University, told China Daily.