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"Currently, we have helped establish five treatment centers with government agencies and local partners," Wong said.

"China's own domestic waste production is increasing," said Meadhbh Bolger, resource manager for Friends of the Earth Europe. "There's lots to develop in their own sectors. They have enough issues with their own domestic waste and increasing that capacity instead of dealing with our European exports as well."

"Citi China's FMDB license is a piece of welcoming news for many of our QFII and RQFII clients," said Harry Peng, managing director and head of prime, futures and securities services for Citi China. "We are in a unique position – as the only American bank who can offer a complete solution to international investors to invest into China, whether it's equity or fixed income, directly (QFII, RQFII and CIBM direct scheme) or via Hong Kong (Stock Connect and Bond Connect), end to end, from sales, trading, research to custody, clearing and settlement. We have the full licenses and capabilities in China on the ground."

"China's huge market, steady growth momentum, complete industrial infrastructure as well as rich talent resources are all very attractive," said Gu.

"China's foreign exchange market remained stable, with a general balanced demand and supply relationship of foreign exchanges," said Wang, who expected severe impact from the pandemic on global economy and trade growth, along with increasing volatility in international financial markets.