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Chris Ackerley, co-founder at Ackerley Partners

Citing a World Bank study released in June, Xie said BRI transport projects, if fully implemented, could increase global trade up to 6.2 percent and boost trade for BRI-related economies by as much as 9.7 percent.

Chip designing companies will be encouraged to cooperate with companies in automobile, robot, internet of things and fifth-generation mobile communication companies to realize scaled application of independent chips.

Citing the recent Regional Comprehensive Economic Partnership agreement, Zhang said it will help stabilize foreign, economic and trade relations, vitalize the regional market, boost investor confidence and spur trade growth. More efforts will also be made to strengthen supply chains and build smooth logistics channels, she said.

Chongqing, a mega city of 30 million people in Southwest China, is facing severe challenges to control the epidemic as it has close transport ties to Wuhan in Central China's Hubei province, the epicenter of this outbreak.