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"But we believe the Chinese government still has room for policy adjustments to mitigate risks, and we expect more reform efforts to transition the economy toward a more sustainable growth path."

"China produced about 26.8 million tons of milk products last year, with dry milk products accounting for less than 30 percent. The proportion in developed countries usually stands at 70 percent," he said.

"China has evolved from an export-oriented country into a more consumer-oriented one, calling for (key) changes in related areas, including the financial sector," CEO Sobotka said.

"COVID-19 is a global problem, and therefore it is a problem for all countries," he said.

"China has already stopped focusing on the growth of its trade volume, and pays more attention to added value, brand building and structural optimization, so that the country can realize a transformation from being a big trading nation to a strong one," said Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies.