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"Europe is not doing much to eliminate old plants and to rationalize production and restructure the industry, so China is a good example for the world," he said.

"Despite various uncertainties in the global political environment, Chinese companies are increasingly expanding overseas and global firms are quickly identifying opportunities from the further opening up of China's market," said Liu Bing, co-president of the Beijing-based Hengchang Litong Investment Management.

"Few foreigners can return to China now due to the pandemic, so there is a huge demand for talents who are currently in the country," she said.

"Farmers are encouraged to grow food items that are welcomed by customers," Zhu said.

"Directors urged the authorities to work constructively together with their trading partners to reduce trade barriers and resolve trade and investment disagreements without resorting to harmful unilateral actions," said the IMF.