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"By combining various units, the smart laboratory concept allows various functions to be performed and tailor-made, which can be offered to clients across diversified industries. Currently, we are cooperating with enterprises in the pharmaceutical, traditional Chinese medicine, food, chemistry and related industries, as well as government regulatory institutions, such as the State Administration for Market Regulation," said Wong, CEO of Nikyang.

"COVID-19 has created the greatest challenge the world's tourism sector has seen in some time," said Song Rui, director of the Tourism Research Center.

"China could develop the new board's primary market into a national platform, facilitating private equity funds' investment in tech companies, before they go public on the board," Xue said.

"But there is no need to be overanxious about the risks as China has a deposit insurance scheme. By taking measures, such as appointing another bank to temporarily manage the bank which undergoes the mergers and acquisitions process, regulatory authorities will help small and medium-sized banks make a smooth transition of liquidity," he said.

"But there are some issues that divide us," including the set of tariffs China imposes on US exports, some standards China imposes particularly on food items, and intellectual property rights, the technology transfers and cyber security, which Ross said are "essentially the basis" for the US' planned hefty tariffs on billion worth of Chinese goods.