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"China has been so successful in developing technology with a lot of involvement of the US economy and other global leaders that it has become one of the world leaders in some of the newest technologies, whether it's heavy duty computing, supercomputing, artificial intelligence and a host of other areas," Firestein said.

"China is playing an ever-growing role in global politics, and we have great interest in working together on many issues where its role is essential, from pandemic recovery to climate change and sustainable connectivity," EU High Representative for Foreign Affairs and Security Policy Josep Borrell wrote in a blog last week. "All this and more forms a big, positive agenda for EU-China cooperation."

"China is playing a much more active role in the United Nations, and it's playing a greater role in the IMF and the World Bank," said Robert Hormats, Kissinger Associates vice-chairman.

"CNC machine tools are vital for the country's major manufacturing areas such as the auto, nuclear power, aeronautics and astronautics sectors," said Luo.

"China Export and Credit Insurance Corp will guarantee the interests of Chinese export enterprises, based on insurance policies, if they suffer losses and positively support them to expand new markets and improve international competitiveness," Zha said.