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"China hopes the security meeting will further maintain common interests, push forward political and security cooperation among the BRICS countries, improve the impact of the bloc, and prepare for the BRICS Leaders' Meeting in Xiamen this September," Lu said.

"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.

"Capable shipyards have already shifted a part of their business to maritime economy and other fast-growing businesses such as new materials, mechanical and electrical equipment, because, apart from higher profits, there is also less competition as not many shipbuilders are able to produce these sophisticated products," said Li.

"But their demand for IP protection has always been growing with their foreign business expanding," he said. "So now, different sides, including government officials, company leaders and IP lawyers, can exchange their views and know more about each other's real situations, which is quite significant."

"But the Chinese should not underestimate the tendency toward prejudice and distrust based on the different political system and ideology, and they should prepare for that," Kato added.