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"For example, some courts were found to be lacking in reviews of these institutions, and some institutions were discovered to have improperly or even illegally authenticate items of evidence for profits," he said. "These irregularities seriously obstruct justice and needs to be solved urgently."

"From the perspective of global competition, China needs an international financial center that has its say worldwide. Unilateral trade and trade protectionism will not last long since the multipolarization of the world economy is now irreversible," he added.

"For startup companies, the costs and talent pool are the two key factors. Before we settled down in Suzhou, I had studied a number of other cities, but only Suzhou can provide the ideal entrepreneurship environment and affordable operating costs. The many policies to attract experts and industry leaders are also crucial to companies in their early days," he said.

"Global cooperation is ever so important to deal with a truly global crisis," said Gopinath, who warned that geopolitical and trade tensions could damage fragile global relationships at a time when trade is projected to collapse by around 12 percent.

"Green development is an international trend, which cannot be reversed. China will develop green finance to transform its development model as a responsible country. It also meets the internal demand for China's economic development," Chen said.