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"China's IP system is very advanced. Almost all of the requests that the Western countries made in the 1980s and 1990s in the IP area have been met. So this is actually a very positive feature," he said.

"Conflicts usually won't last long. … We have different systems, values, cultures, but one thing is that we all live economic lives－that is the thing that ties us together and that is why trade can tie us all together," said Goh.

"China's small household appliance enterprises will see a market expansion in the near future as they make continuous innovations in the fields of technology, quality and design," said Liu Buchen, an independent researcher of the home appliances sector.

"China's supply-side reform has reduced overcapacity in the steel industry by closing down those with issues of pollution and outdated capacity while controlling new capacity construction, and helped reduce steelmakers' debt levels. But we expect the government will continue to fortify the results of the supply-side reform and focus more on upgrading the steel industry."

"China's large and rapidly expanding market, combined with its complete industrial system, high-quality infrastructure and deepened opening-up policies, are all huge attractions for foreign capital. While many industrial chains were hit by the pandemic, the resilience of the supply chains will top the company's global mapping agenda and prompt adjustments," said Kang.