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"Economic and trade uncertainty, digital transformation and the impact of climate change are all challenges of our time, which will have a significant influence not only on what standards we develop but how we develop them," Walter said.

"E-commerce platforms hope to tap the huge consumption potential from the Chinese market. It is noteworthy that the tie-up between Amazon and Pinduoduo will help Amazon tap the massive annual active buyers on Pinduoduo's app," said Mo Daiqing, an analyst at the China E-Commerce Research Center.

"Egypt is located at the border of Asia, Africa, and Europe and has established friendly relations with China. With the deepening of the BRI and the development plan of Egypt's Suez Canal Corridor, the establishment of a Chinese overseas economic and trade cooperation zone in Egypt will strengthen and deepen the capacity cooperation between the two countries, which has a profound significance," Wu Lixing, management director of the TEDA cooperation zone, told Xinhua.

"E-commerce platforms used to be reserved for low-price products. But now not just price-sensitive but quality-conscious consumers flock to these websites or mobile applications for goods," Lu said.

"Economies have to open up, people have to work, trade has to resume," he said.