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"Chinese companies should increase investment in technology innovation and business model innovation, and the government should guide capable large companies to create a strategic layout at the forefront of technological development," Gu said at the forum held by People's Daily, a Beijing-based national newspaper group.

"Congress should not leave Washington for the holiday recess without enacting a much-needed COVID relief package. We look forward to working with Congress and the new Administration in the new year on a more comprehensive COVID relief package," they added.

"Chinese biotech firms are on the rise and are set to benefit patients in developed and developing countries alike," he added.

"Consumption is becoming one of the main pillars of China's economy," Zhang said, adding that sectors such as online retail, entertainment and manufacturers of premium consumer goods will benefit from the trend.

"China supports the establishment of an independent state of Palestine that enjoys full sovereignty on the basis of 1967 borders and with East Jerusalem as its capital. Israel's right to survival and legitimate security concerns should be fully respected," he said.