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Driven by 14.5 billion yuan in financial support from the government, a total of 232.1 billion yuan has been invested in 1,496 technological upgrades between 2009 and 2017, among which a 62.9 billion yuan investment was made last year alone, up 7.1 percent year-on-year.

Dr Yuan Wei, deputy director and associate professor of the economics department at the Party School of the CPC Sichuan Provincial Committee, said, it's only through learning from the best that a country will not stagnate.

Dong Yang, vice-president of the Beijing-based China Machinery Industry Federation, said the US calculations for its tariff policy are based on three assumptions: that they won't substantially affect US consumers; that the US can find alternative markets to meet the demand for goods; and that higher tariffs will hinder upgrades to China's manufacturing industry.

Dong Zengjun, secretary-general of the Precision Medicine Professional Committee of the Chinese Society of Biotechnology, said that "the virus has taught us, in terms of globalization, that we have each other. Our perspective must be global, for mutual help and understanding".

Dr Pawan Kumar Singh, director of MDI, SY Siddiqui, chief mentor of Maruti Suzuki India, and Yan Han, founder of The Think Culture Foundation, unveil the TCF Logo. [Photo provided to chinadaily.com.cn]