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"China has made breakthroughs in a number of key technologies and equipment, including nuclear power, unconventional oil and gas, and gas turbines," he said, adding that innovation in areas such as smart grids, electric vehicles, large-scale energy storage and energy big-data are becoming increasingly dynamic.

"China has started relatively late in the development of commercial endowment insurance and thus lacks enough experience. It is important to learn from advanced acquired experience worldwide, continue to open up our insurance sector, and in this process, develop our own commercial endowment insurance to meet the needs of an aging society," Li said.

"China is one of the most important investment destinations for Temasek, and we remain optimistic on China's trajectory in the medium to long term," said Wu Yibing, head of China, Temasek.

"China is well prepared for further actions taken by the US and will resolutely fight back if the US insists on unilateralism," Gao added.

"China has managed to get the pandemic much better under control than Europe and the US. As a result, the retail sector has been recovering much faster in China as consumers feel more secure to be in public spaces and in stores, compared to the countries which are still strongly impacted by the pandemic," said Daniel Langer, CEO of brand strategy firm Equite and a professor of luxury strategy at Pepperdine University.