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"China is opening a door in Latin America and the Caribbean that leads to progress in development, and provides opportunities for countries such as Mexico, Brazil and Argentina that need to diversify their economies," Mexican expert on international relations Ulises Granados told Xinhua News Agency.

"China has a very clear goal to largely develop direct financing," he added.

"China is great with building hardware very quickly and at a very low price. And China has a great infrastructure in building IoT, hardware solutions and automation," he said.

"Cash-constrained airlines will postpone their scheduled aircraft replacements. It is expected to be a long and slow recovery period after travel restrictions are lifted. As most aircraft are grounded, demand for flight hour and flight cycle-related maintenance has also disappeared," said Manfred Hader, senior partner of Roland Berger in Germany.

"China has become the second-largest trade partner for Latin America. The Belt and Road Initiative will further promote bilateral trade and help facilitate social exchanges and investment," said Gao.