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As the world's second-and third-largest economies, China and Japan have both the duty and the ability to boost global economic governance, stabilize world trade, currency and investment, and tackle the impulses that frustrate globalization, Jiang said.

As the culmination of a long series of market-oriented reforms that have sharply raised the real incomes of ordinary Chinese people and created more and more capable institutions, this shift away from an export model based on low-cost labor is both necessary and also a very good thing for China.

As the World Health Organization has upgraded days earlier the risk level of the COVID-19 to "very high," global cooperation to combat the disease is of great importance, said Klinger, adding that China can play an important role in addressing public health emergencies.

As the products of Yang's company mainly focus on the domestic market, with the market share of exports accounting for only less than 10 percent of the total, he said the epidemic has a limited impact on his company's revenue.

As well as enhanced employment policies, Shanghai has also piloted a series of policies streamlining applications for Chinese "green cards," allowing permanent residence for non-Chinese residents. For those working in Shanghai FTZ, a letter of recommendation from the FTZ authorities assists in the application process.