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"China contributed to the global wage growth," said Su Zhongxing, dean of Human Resources Management at Renmin University of China. "China has a large labor population. What's more, its wages grew rapidly in recent years. These factors obviously will help the world's average wage rise."

"COVID-19 has severely impacted global aviation at a level that virtually resets the sector. In the past few months, we have seen a huge reduction in travel budgets, falling demand for personal travel out of safety and job worries as well as business trips being largely replaced by videoconferencing and other remote methodologies," said Yu Zhanfu, partner and vice-president for China at consultancy Roland Berger.

"But we must try to look for a solution in a peaceful manner and with mutual respect instead of escalation," she said.

"China made the historic decision 40 years ago to carry out reform and opening-up, which changed the course of China's future," Cui said.

"China and related countries are building an international platform of collaboration through the Belt and Road Initiative," said Jiang Jianguo, deputy head of the Publicity Department of the Communist Party of China and a keynote speaker at Thursday's event.