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"But the policymakers would need to skillfully manage liquidity so that the case does not fuel a series of defaults, which would make the market nervous. We expect the Chinese government will be able to manage the rising credit risks in China," Pang added.

"China has always been supporting the economic and social development of Egypt," Liao told the attendees, expressing his belief that under the leaderships of both countries "China and Egypt will work together to finally overcome the epidemic."

"China and Kenya share a profound tradition of friendship. Our long-lasting and fruitful cooperation stands out when it comes to Africa-China relations. Our cooperation in the fight against the COVID-19 pandemic represents a proud example of solidarity in the face of a common challenge," Zhou said.

"China has been speeding up efforts to develop its own core components and standards," said Li Sha, an analyst at GF Securities Co Ltd. "The initiative will accelerate the pace of replacing foreign technologies with self-developed ones."

"China has become a strong growth driver for Shiseido and continued to be our largest overseas market for a third consecutive year," Hase explained.