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"China's environmental industry maintained a growth of about 17 percent in 2017, and the growth of the environmental engineering and equipment sector specifically could reach 15 to 30 percent in 2018," said Wu Shunze, director of the environmental and economic policy research center at the Ministry of Ecology and Environment.

"Currently the rules are very much what I call unfair to China. They allow countries to slap tariffs which are far greater than anyone would reasonably argue are appropriate," said Yukon Huang, former World Bank country director for China.

"Consumers aged 23 to 38 are willing to spend on luxury brands, and financially able to do so. Fully 70 percent of China's millennials own their own homes — twice the rate of US millennials, according to HSBC's Beyond the Bricks study," the report said.

"Crucially, the effort has been complemented by large-scale testing, including the start of randomized screening in select provinces, and systematic tracking via mobile phone apps to rapidly trace the contacts of any new positive cases," the experts noted.

"Chinese medical enterprises are shouldering the responsibilities of helping the world fight the virus. Regardless of profits, the world needs us," Li from Aeonmed said.