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"China should control the overall pace and order of the opening-up of its financial sector, comprehensively assess the likely impact of foreign banks' access to the China market, and make differentiated regulations according to the different types of banks and their modes of entering the China market," Zeng said.

"China's equity market is experiencing a big 'physical examination' this year but the sector needs such adjustments for the survival of the fittest," he said.

"Competition between domestic makers and their foreign rivals is going to become more intense in the coming future. Without comparative edges, foreign smartphone vendors are going to lose even more market share," said Roger Sheng, research director at consultancy Gartner Inc.

"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.

"Cloud computing is an essential factor in driving the digital transformation of companies," said Schanz.