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"Changing terminals and services requires high costs, a long time and a complicated process, thus those companies that take the lead in winning the recognition of users first will get a huge advantage," he said.

"China has made significant progress over the past three years in terms of market development and now meets all of the index inclusion rules," said Gloria Kim, Global Head of Index Research at JPMorgan.

"China is not the only one that wants to conclude a trade deal. The US wants it, too," Geng said at a regular news conference. "American people, especially consumers, strongly oppose the trade war and the additional tariffs on Chinese goods. Their voice speaks volumes."

"China continues to create an open, fair, just and non-discriminatory business environment, offering more opportunities to the world, thus helping stabilize the unsettled global economy amid the COVID-19 pandemic. This is a key factor for global companies to find the Chinese market attractive," said Quan Heng, secretary of the leading Party members' group at Shanghai Federation of Social Science Associations.

"China has always insisted on realizing the denuclearization of the Korean Peninsula, maintaining peace and stability on the peninsula and seeking a solution through dialogue and consultation. China has opposed chaos and conflicts on the Korean Peninsula," Liu said, adding that these are what the Resolution 2371 was all about