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"Capital management at the core shows that the government's supervision over central SOEs has risen to a higher level," said Li Jin, chief researcher at the China Enterprise Research Institute.

"By joining in managing global economic issues and overcoming crises, China's participation in the G20 meeting is playing a decisively important role in stabilizing the global economy," the professor noted.

"COVID-19 is of the same magnitude," Tan said. "This (pandemic) will propel greater cooperation as there is the realization that nobody can go it alone."

"But the tea industry is actually blessed by such characteristics, since high altitude and a moist climate helps nurture good tea," he added.

"China is ready to unswervingly expand the scope of market openness, and push ahead the opening of its modern service sector, manufacturing and agriculture," Hu Chunhua, vice-premier of the State Council, said at the China-CEEC Cooperation Forum in Ningbo on Sunday.