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"China's corporate evolution, from being a home for low-cost manufacturing of parts and goods for multinationals such as Apple and Nike to being a producer of high-value products, is shaping mergers and acquisitions in the Belt and Road region," said Boehm.

"Cooperation is necessary in this aspect. You know smart cars are difficult for one carmaker to develop no matter how big, and carmakers will feel a little worried if they rely too much on platforms of tech giants like Google or Baidu."

"Chinese policymakers will have to be ready to support growth and financial stability if needed. Given the global nature of the outbreak, many of these efforts will be most effective if coordinated internationally," said Helge Berger, assistant director of the IMF's Asia and Pacific Department.

"Consumers are often unaware of the differences in LED lighting. There is so much choice and a great deal of variance in quality. Lighting used to be a solely functional purchase, but as we spend an increasing amount of time inside and at home, quality of light has become even more important," Rowena Lee, business group leader of LED at Signify.

"Closer cooperation between two parties will expand market access and create more business opportunities along the Arctic shipping route," said Li Fengli, general manager of Shandong Port Group.