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China is also home to the largest number of seniors in the world. By the end of 2018, the population aged 50 and over reached 249 million, accounting for 17.9 percent of China's total. At present, nearly 180 million elderly people in China suffer from chronic diseases, according to data provided by Abbott.

China is "very active and serious" about further opening up its financial sector, and this will bring huge business opportunities to foreign banks in the country, said Pei Yigen, executive vice-president of Citibank (China) Co Ltd.

China is a manufacturing powerhouse in mid-and low-end goods. But the US is still the dominant player in high-value industries. The US also has an extremely sophisticated service industry and thrives on innovation, research and development.

China has set up human rights dialogues and consultation with the EU, the United States, Britain and Germany to promote mutual respect and better understanding of each other, she said.

China has taken the lead in resuming work and production as the pandemic continues to disrupt global industrial and supply chains, said Han Jianfei, a researcher at CCID, a think tank under the Ministry of Industry and Information Technology, adding that the sharp rebound in China's export growth reflects the resilience of the country's manufacturing sector.