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As traditional modes of trade were disrupted when people were stranded at home amid the pandemic, cross-border e-commerce has emerged as an indispensable part of the global trade, said Wang.

While dampening several sectors, the pandemic also accelerated the pace at which businesses are becoming more digital-savvy, Diane Wang, CEO of DHgate.com, said in an interview with Xinhua.

Analysts believe that the initiative would facilitate the digital collaboration between Southeast Asia and the Guangdong-Hong Kong-Macao Greater Bay Area in south China, a region which China aims to develop into "a role model of high-quality development."

The country has vowed to foster a new development pattern where domestic and foreign markets can boost each other, with the domestic market as the mainstay.

He said China has a great opportunity to show how recovery measures can also accelerate the transition to the inevitable low-carbon economy.