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"Changan Ford respects the decision made by the State Administration for Market Regulation," said a Ford representative. She added it has taken "corrective action in its regional sales management together with its dealers".

"China has been a leader in testing, tracking and treatment, as well as lockdowns and social distancing," Sargent said during the 2020 Global Venture Capital Online Conference, adding that the Chinese government's fiscal and monetary policies have proven effective.

"But some cultural stigmas, such as misunderstanding of donations from the rich, and policy restrictions related to taxation and foundation registration, have hampered their activities," Deng said.

"China has already stopped focusing on the growth of its trade volume, and pays more attention to added value, brand building and structural optimization, so that the country can realize a transformation from being a big trading nation to a strong one," said Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies.

"China has been one of the most important markets for Itochu Corp. Shanghai is not only a gateway for multinational companies to tap into more parts of China, but a bridge connecting to the rest of the world. The setting up of the regional headquarters in the Shanghai FTZ will further consolidate our roots in the Asia-Pacific market, thus facilitating expansion," he said.