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"China is the largest developing country in the world, and it would take a long time for the country to catch up with developed countries in many aspects," Gao said.

"China has been a staunch supporter and defender of globalization," he said. But globalization in the post-COVID-19 era may require changes to address inequality, environmental degradation and social issues, he added.

"CheryLion is a platform across all functions and values that will not only benefit our manufacturing side, but also cover the customer side from more flexible orders to meet individualized demands," he said in a group interview.

"But, to be clear, we do not see a recession in the near term. In fact, we expect some pickup in growth in the second half of 2019 and into 2020," she said, adding that the growth is set to benefit from the now more-patient pace of monetary normalization by major central banks led by the US Federal Reserve and "from increased stimulus, in China for example".

"China and the Democratic People's Republic of Korea are neighbors. Both sides know that maintaining, developing and consolidating the friendly and cooperative China-DPRK relations is not only in the best interests of both sides but also bears great significance in regional peace and stability," said Guo Yezhou, vice-minister of the department.