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"COVID-19 is the most tumultuous, most catastrophic and the most defining epoch of our lifetime. One cannot think of anything else that has happened with such speed－from the end of December, when the first cases were reported in China, to now," she said.

"China and India both are developing countries and major emerging economies with huge home markets," said Gao Feng, spokesman for the Ministry of Commerce. "The two countries are highly complementary in terms of economic development models."

"But the diversity of languages across different markets will pose a major challenge, as companies could no longer leverage the low marginal costs for aggressive expansion as it did in China."

"China is no longer betting on exports to drive up the economy, cultivating new growth points via technology upgrades, high-end foreign machinery imports, stimulus measures to boost domestic consumption and adequate investments in fast-growing sectors in global destinations－they have all become indispensable parts for the country to boost its economy," said Feng Yaoxiang, a spokesman for the China Council for the Promotion of International Trade in Beijing.

"China has carried out major reforms on adjusting economic imbalances, such as taking corporate deleveraging as a primary task, which will ensure a more healthy and sustainable economic development from a mid - and long-term perspective. The country also ramped up efforts to open up further and shortened its negative list for foreign investors," said Wu Yibing, head of China affairs at Temasek.