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As China's attention partly moved toward pumping short-term credit into the local economy, Mitter said regional partners would want signals as to how China's foreign direct investment strategy is going to change after COVID-19.

Around 3 percent of this year's college graduates are expected to start businesses, up from only 1.6 percent of college graduates who started businesses in 2011, according to a report jointly released by the educational research company MyCOS Institute and Chinese Academy of Sciences (CAS).

Apple will register a business entity in Guiyang to help build the data centers and offer technology support, according to a joint statement.

Apple Inc is working with suppliers to offer assembly line workers better learning opportunities, to help them prepare for the era of smart manufacturing.

As China flattens the COVID-19 curve and steadily returns to normality, he stressed that the Chinese economy is best placed to emerge as the world's strongest from the crisis, and it still has competitive advantages based on a range of indicators, such as its labor market and infrastructure. These will be further enhanced by targeted market reforms, he said.