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"Continued reforms will support further transition in economic structure, with more energy pumped into innovation," the report said.

"China will also expand domestic demand to improve the quality of supply side and stimulate consumption potential, and at the same time, accelerate the development of new consumption formats and actively expand effective investment," Xin added.

"China's move to open more industries to foreign investment and optimize the business environment will propel more multinational companies to invest in the country. It will not only help bolster the economy and restore growth, but also effectively stabilize global trade and investment."

"Chinese customers always have their smartphones at their side. That's why online consultation was already well-established and accepted before COVID-19," said Michael Mayer, head of sales and marketing for Volkswagen brand in China, in an article on its website.

"China will do its best to fulfill its own climate pledges, and we do not rule out the possibility to achieve more than what we have pledged," said Gou Haibo, a senior representative for climate change negotiations of the Ministry of Foreign Affairs, at a news conference in Bonn.