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Anta is set to provide Amer sports with its extensive distribution network, research and development resources and manufacturing and sourcing capabilities in China.

Another factor defending Chinese stocks from foreign bourse contagion was that investors have become accustomed to the market volatility in the United States, Hong said.

Answering whether China and the EU will reach consensus in global trade and investment, Lu said both sides agreed to expand economic and trade cooperation, support and promote economic globalization at the 7th China-EU High-level Economic and Trade Dialogue in Beijing last month. Both sides also agreed to fight unilateralism and trade protectionism and safeguard the rule-based multilateral trading system, he said.

Apoorva Mehta

Apart from China's improved business environment dominated by the market economy, the nation's comprehensive advantages based on efficiency, labor quality, resources and digital and physical infrastructure will continue to help the nation attract investment from global companies over the long term. Backed by its institutional advantages, impressive mobilization ability and industrial system, the country's epidemic prevention and control work fully demonstrates China's strength in overcoming difficulties. This will play a key role in attracting foreign investment in the future.