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"Confronting the growing trend toward unilateralism and protectionism, developing third-party markets will not only conform to mutual interests but also benefit the global economy," said Li Yong, vice-chair of the expert committee at the China Association of International Trade.

"China should therefore step up transforming of its armed forces into a world-class military that is ready to fight and win wars as the country will never compromise on defending sovereignty," Wang said.

"Considering the rising financial risks in the post-COVID period, it is not a good time to fully open the RMB capital account," said Wang."The financial derivatives market for risk prevention is imperfect. Risks in the international financial market may be exposed in the future given the impact of the pandemic."

"China's experience in tracking the coronavirus with smartphone software is impressive. We have studied lots of data from China and South Korea, and we found that it plays a big role in preventing further spread of the virus in those countries," he said.

"Currently, China is shifting its focus of opening-up from trade in goods to trade in services. During the first seven months of this year, China's trade in services stabilized, trade deficit decreased and knowledge-intensive industries grew despite the challenges brought by COVID-19.Services trade has become a new bright spot in the development of international trade," he said.