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"China is working to improve flexibility of the renminbi exchange rate while maintaining the rate at a stable equilibrium. And we have successfully avoided competitive depreciation against other major currencies," he said.

"COVID-19 is a global health crisis. It is also an economic crisis, a development crisis, a humanitarian crisis and a human rights crisis. It revealed the structural inequalities and disproportionately affected the most vulnerable members of our societies," said Bozkir.

"China is a fast-growing major global economy with a burgeoning retail sector, due to the size of its population," said Nancy Wang, managing director of Trax in China. "Retail is transforming rapidly in two specific areas: the shopping experience and technology adoption."

"China is a developing country while the US is a post-industrialized country. A large part of their materials to make consumer goods and industrial products depends on imports," Zhou said, adding that tariffs will only leave the US with two choices—buying from China with a higher cost, or buying from other countries with uncertain quantity and quality.

"China has given value to such sites through construction and allowing people to visit. That is a lesson Rwanda can learn from," he said, adding that most African countries have gone through a colonial period, as China had done.