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"Chinese consumers continue to desire high quality products, and consumers in lower tier cities remain critical to incremental growth."

"Currently 80 percent of our sales is generated from recurring customers, which shows brand loyalty is crucial," she said. "But it also means we need to expand our follower base and that's not something you can hastily achieve by just offering discounts and making one-off deals."

"Currently, the supply of testing kits is sufficient while the production remains in normal order in the country," Huang said.

"China should rapidly increase the share of non-fossil energy in its primary energy consumption in order to achieve its carbon neutrality goal, especially promoting the decarbonization of the power generation industry," said Liu Yiyang, deputy secretary-general of the China Photovoltaic Industry Association, at the summit.

"China will continue to outshine others at a time when the developed countries are expected to remain mired in economic stagnation," said Justin Yifu Lin, former World Bank chief economist, at the forum, adding that China's economy will remain robust and serve as the world's economic engine.