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"China resolutely follows the path of peaceful development and upholds a defense policy that is defensive in nature," he said. "China's military spending is open, transparent, and grows at a moderate level."

"Currently, our vehicles are able to achieve level two automation. Next year, they will be level three," Zeng said. The company will gradually realize automated parking and self-driving on highways, he added.

"Customers will see more luxury automakers following suit. It's essentially a reaction to the lowered VAT rate," said Ron Zheng, a Shanghai-based partner with consultancy Roland Berger.

"Companies need to explain one thing: 'What distinctive value can we create for customers?' If the question cannot be answered clearly, the development cannot be sustainable," said Xu Lianzheng, co-president of Kmind.

"China will continue to resolutely support the Caribbean countries in their fight against COVID-19," said Zhao, adding that China will share its anti-epidemic experience and treatment plans, provide medical supplies and technical assistance, and facilitate their procurement of medical supplies from China.