Nation to boost consumption, investment

Cui Fan, a professor of international trade at the University of International Business and Economics in Beijing, said, "China is working to give full play to its domestic market, the largest in the world, and building a new model of development in which domestic economic networks play the primary role, and domestic and international economic networks complement each other."

He added that China will remain committed to further reform and opening-up, by taking steps such as continuously shortening the negative list for foreign investment access.

Huge market potential

"The Chinese market is extremely important for organizations all over the world," said Clarke Murphy, CEO of global executive search and assessment firm Russell Reynolds Associates.

"We were already committed to new investment plans a year ago about developing our teams of people just focused on domestic Chinese companies. And we will continue to execute that."

Murphy said he sees huge potential for the Chinese market. "The success controlling the virus quickly will only strengthen the (business) operations currently and in the future. Other countries still have supply chain issues－China is solving them a little sooner internally. So that gives an advantage to Chinese companies right now because they're farther ahead in fixing their supply chains."

According to Murphy, the speed and scale with which China can try new technologies and new processes and learn from that scale to adapt how its companies run remains the most resilient part of the economy.

"I think this interest in learning new ways to do things has really invigorated Chinese executives and Chinese companies, as well as non-Chinese companies investing in China. Sustainable operations, digital change, embracing new ways of doing things and new markets gives us great confidence about the success of our business in China over the next several years."