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"China's cross-border e-commerce is developing rapidly, and the logistics and freight transport system within the SCO countries has relatively improved, which in turn will boost economic and trade cooperation between China and SCO countries," said Lu Zhenwang, CEO of Shanghai-based Wanqing Consultancy.

"China's push to boost higher-quality global exports and domestic consumer spending will continue to fuel global trade."

"Countries should engage in international cooperation to fight against COVID-19, in particular to assist developing countries," he added.

"China's adjustment on additional tariffs is a response to US unilateralism and protectionism," the Ministry of Finance said. "China hopes the US will get back to the right track of bilateral trade and economic consultations and meet with China halfway."

"China's automobile market will gradually recover and remain stable for a relatively long period of time to come," said Cai, deputy director-general of the NDRC's industry coordination department.