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"China used to have comparative advantages in developing labor-intensive industries with its abundant and cheap labor to export goods to the international market and benefit from globalization," he said.

"Companies need to focus on refined operations as well as seeking new ways to turn profitable. They should try to reduce the cost, improve the efficiency, improve the service offerings and provide better user experiences."

"China's new development plan to combine the construction of the domestic market system with the expansion of international markets will not only help strengthen the resilience of its economic development, but also provide huge growth opportunities for the world economy," Yang said.

"Cross-border legal services have a historic opportunity for development in Shanghai because the city is dedicated to the task of becoming a global city of excellence by 2035," Zhang said.

"Currently, companies and related supply chain entities are resuming operations in an orderly manner. The nation's industrial economy is back on track toward a positive direction," said Xin at a news conference in Beijing on Friday.