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"China should maintain equilibrium among the indicators of growth, employment, prices and the international balance of payments. Industrial modernization should be promoted with intelligent production and core technology.

"China proved that a lockdown and staying at home are the best ways to tackle the outbreak and in Brazil we are going to have four months of a dip in the economy" due to those measures, he said.

"China, the greatest online retail player in the world, can represent a great opportunity for those European companies who are willing to serve the country's growing middle-class consumers."

"Companies need to learn how Chinese consumers think about the different ingredients of healthcare products and provide more solutions to maintain good health," he said, adding a targeted marketing channel can make the business more profitable.

"China will lead the world in the sharing economy and become the center of transportation reform in the following 10 years," Cheng expected.