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"COVID-19 has seriously impacted how we conduct international diplomacy. That includes hosting APEC. As has occurred with many other international government-to-government events, APEC 2021 will proceed using virtual digital platforms," Peters said.

"China has become a major global innovation promoter, which is gradually shifting focus from the quantity of innovation to the quality and influence of innovation," Li said at the launch of the Boao Forum for Asia Innovation Report 2020 on Wednesday in Beijing.

"China is the world's largest importer of commodities and hence we will see more commodity deals being undertaken in yuan, especially iron ore," said Chen Derong, chairman of China Baowu Group.

"But the national security bill was long shelved, and the probability of advancing it is very low. In which case, only the central government can remedy this gap," Zou said.

"China has a well-developed supporting infrastructure for a wide range of industries with large production capacity, providing solid support for foreign investors intending to manufacture here," she said.