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"CIIE serves as the platform for international procurement, investment promotion, cultural exchange, and opening-up and cooperation," said Wang Bingnan, vice-minister of commerce and director of the CIIE Bureau, while addressing the ceremony. "Amid the COVID-19 pandemic, to successfully host the third CIIE shows China's crucial role and responsibility in restoring the global economy," he added.

"China Southern Power Grid can leverage its VSC-HVDC technology to guarantee more stable water, wind, or solar power transmission in countries like Saudi Arabia and Laos, where there are abundant natural resources," said Han Xiaoping, chief researcher at china5e.com.

"China had already planned to import the goods it agreed to purchase from the US a long time ago. Therefore, it will not be an issue if China imports more US energy and agricultural products," he said.

"China is the best place to learn how to be agile, how to be fast, how to be market focused, so we think we bring global know-how, global innovation with the willingness to invest in local Chinese capabilities and stay relevant," said Wyant.

"China Baowu is not only China's largest steel-maker, but also a pioneer in state-of-the-art technology application. Exploring the possibilities of yuan-denominated settlement via blockchain is a new proof," said Zhang.