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Over the past 30 years, China's average life expectancy has increased by about three years every decade.

Visitors watch a staff member making chocolate dessert at the booth of Ferrero Rocher at the Food and Agricultural Products exhibition area during the third China International Import Expo (CIIE) in Shanghai, east China, Nov. 5, 2020. (Xinhua/Fang Zhe)

"There's a lot of untapped potential in the Chinese economy, and this fits with our localization efforts as well," said Alan Gabor, president of Merck China, which plans to set up a new R&D lab in Shanghai.

While dampening several sectors, the pandemic also accelerated the pace at which businesses are becoming more digital-savvy, Diane Wang, CEO of DHgate.com, said in an interview with Xinhua.

Seventy-five years ago, China safeguarded national sovereignty and territorial integrity with the victory in the Chinese People's War of Resistance against Japanese Aggression and the end of the Japanese occupation of Taiwan, Wang noted.