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"China has deepened and widened the opening-up of its financial sector by issuing licenses to foreign investors, allowing them to establish wholly owned companies or take a controlling interest in joint ventures in major business segments of the financial sector. It means that foreign investors can make better use of what they put great emphasis on－their management capabilities and management authority," said John Qu, senior partner at McKinsey, at the 2020 Global Wealth Management Forum in Beijing.

"China has possibly undergone the fastest rate of urbanization in the past three decades in the world. For people like me, who grew up in the countryside and later relocated to big cities for work, there is a disconnection and a sense of loss," said Zhang, founder and principal of the campus, which he established in 2011.

"China becomes more self sufficient in chipmaking and it will make it difficult for western suppliers. That's the nature of business and competition. We think it's a good thing because it forces innovation on both sides of the ocean," Bingham said.

"COVID-19 has been rampaging over the world, which requires the international community to further enhance global health governance," the report, released by the Chinese Academy of Social Sciences' Institute of World Economics and Politics, said. "As a responsible country, China should take the opportunity to further participate in and contribute to global health governance and share its wisdom in that regard with the rest of the world."

"China has become a major global innovation promoter, which is gradually shifting focus from the quantity of innovation to the quality and influence of innovation," Li said at the launch of the Boao Forum for Asia Innovation Report 2020 on Wednesday in Beijing.