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Anti-epidemic personnel prepares to welcome passengers from abroad at Hohhot Baita International Airport in Hohhot, the Inner Mongolia autonomous region, on April 11. [Photo/WU YUNSHENG FOR CHINA DAILY]

Apart from AMDA, STA has also collaborated with overseas universities such as City University London in Britain and the New York Film Academy in the US to provide programs related to the performing arts as well as art management and design.

Apart from monetary easing, further tax cuts and policy to encourage consumption are also in the policy toolbox for the authorities to boost the economy, said Shen.

Answering a question about Chinese enterprises' overseas marketing, the economist said "the fact is globalization cannot go away, it's part of the economic fabric of the whole globe".

Apart from creating growth opportunities such as trade in goods and services, cross-border investment and tourism, the project is also vital for boosting connectivity between China and the Association of Southeast Asian Nations through the China-Laos railway and other economic corridors in the region to better connect with other ASEAN economies such as Malaysia and Singapore, according to the CRCC statement.