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"China is rapidly globalizing its industries by encouraging its higher-value-adding industries, such as power generation, construction equipment, and telecommunications systems, to supply overseas projects in the Belt and Road Initiative and to invest in foreign market operations," it said.

"China is a massive market," Callander said.

"COVID-19 is a global health crisis. It is also an economic crisis, a development crisis, a humanitarian crisis and a human rights crisis. It revealed the structural inequalities and disproportionately affected the most vulnerable members of our societies," said Bozkir.

"China has benefited a lot from opening up in the past ... to continue that path of opening up is, we feel, very good for China," he said.

"But the prices will ultimately depend on supply and demand in the domestic market," said Liang of the CAFS.