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"China has rich intellectual resources and a complex market structure. Multinationals have sped up the pace of setting up research and development centers in China in recent years," Wu said.

"China had managed to test 9 million people for SARS-CoV-2 in Wuhan" within weeks, it noted, adding "It set up an effective national system of contact tracing."

"But such merits are selectively ignored in many debates," Ban said, adding that he hopes Asian countries and business leaders can work together in the context when the world is facing such long-term challenges and near-term uncertainties, so as to give hope to the world and become a global growth engine.

"China is now more important to the international community than ever before - I believe no international or regional issues can be solved without China's involvement," he said.

"China is our number one trading partner. China has made huge investment in the country in the past 20 years. They have helped our government to improve our infrastructure and change the lives of our people. Chinese relations are helping us to address the triple challenges of poverty, unemployment and inequality. This relationship is based on mutual respect and win-win," Genge said.