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"Countries must seek common progress through dialogue and cooperation. It is important to advocate extensive consultation, joint contribution and shared benefits," he said.

"China, like many other countries, is still at an early stage in blockchain adaptations in the energy industry. But the outlook is positive with concentrated efforts from leading companies," Qin said.

"China's quick victory" over the COVID-19 pandemic "put the Chinese economy in a better situation than the rest of the world," said William Jones, Washington bureau chief of the US publication Executive Intelligence Review, adding that by maintaining its productive capability, China will not only benefit its own economy once the pent-up demand is released post-pandemic, but also provide "a lifeline" for countries that have "maintained the production lines in China."

"Currently, China has 50 industrial internet platforms with regional or sector-wide influence. An increasing number of applications are being commercialized, with each platform owning more than 1,900 apps on average," said Chen Zhaoxiong, vice-minister of industry and information technology in October.

"Countries including the US and India have been taking on China's IT players frequently, citing national security concerns. But this highlights the lack of widely acceptable international rules on service trade industries, especially in emerging industries."