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Canadian companies are faring well in China, he said, citing aerospace and transportation giant Bombardier and leading automotive supplier Magna which "currently have about 40 operations" there.

CTR held its 2020 CTR Insight Summit Forum on Friday in Shanghai. [Photo provided to chinadaily.com.cn]

CIBC chief economist Avery Shenfeld told media that Canada could replace the US as a supplier to China if China imposes restrictions on US products. Still, a lot of concern has been raised over the damage of a trade war.

COFCO Corp, China's largest foodstuff producer and grain trader by sales revenue, mobilized its global and domestic resources to deliver urgently needed medical, food and other materials on time to ensure people's livelihoods were protected during the outbreak, said Yu Xubo, president of the Beijing-headquartered group.

Calling the production facilities "the perfect road to long-term success in China", Micky Pant, senior adviser to Beyond Meat, said the factory has set up a dedicated, cuttingedge production capacity via a wholly-owned subsidiary－Beyond Meat (Jiaxing) Food Co Ltd.