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"GAC's new energy cars have been able to compete with those produced by big brands from Japan and South Korea, both in terms of quality and technology," he said.

"For non-alcoholic ready-to-drink products, it is about six to eight servings of commercial beverages for each consumer a day globally. That is less than one in China. So they have tremendous business potential here," he said.

"Financial regulators' tolerance of higher NPL ratios for SME loans will also motivate commercial banks' lending," he added. "The challenge is how to precisely assess SMEs' financial risks and to prevent fraud based on limited information. Utilization of big data and advanced technology such as AI may be the key."

"Given the state of crisis on the medical front, the government was advised to prepare to declare the state of emergency," Abe said.

"Furthermore, in the future, to see whether we achieve the success or not, we should check out whether we are attractive enough to the talents and the capital," Xiao added.