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"Global governance is totally unfit for 21st-century purpose and not least for fighting this pandemic. This thing is developing, not least within the southern hemisphere in places like Africa. These countries are going to need massive support. We are not seeing any of that," he said.

"For the government and industrial parks, they can have a precise positioning about their regional planning, including how to invite investment and attract talents, while for medical companies, the statistics contribute to their research and development and are beneficial to industry collaboration.

"For the coming five years, we will continue to drive digital transformation for traditional enterprises, such as the construction of new infrastructure in financial sectors," Cao added.

"For example, some internet operators have made clearer and stricter rules on reviewing products or services on their platforms to prevent unnecessary disputes," she added.

"For instance, the Foreign Investment Law and the regulation on improving the business environment, which took effect this year, will further simplify compliance and alleviate the challenges faced by the companies," Lee said. "To cushion the novel coronavirus effect, the Chinese government has come out with preferential policies to support the development of hard-hit companies, including foreign firms operating in China."