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"Chinese consumption for fine fragrance is still at its early stage. It may take another five to 10 years for the Chinese market to become mature enough, which in turn provides many opportunities for Chinese and international brands to exploit," Cai said.

"China's large and rapidly expanding market, combined with its complete industrial system, high-quality infrastructure and deepened opening-up policies, are all huge attractions for foreign capital. While many industrial chains were hit by the pandemic, the resilience of the supply chains will top the company's global mapping agenda and prompt adjustments," said Kang.

"China remains committed to its fundamental national policy of opening-up and pursuit of a strategy of mutual benefit and win-win outcomes," he said.

"China should not compromise its development rights as it is something that every country is entitled to," Lin said.

"China's 40 years of reform and opening-up have provided numerous opportunities to General Motors," Matt Tsien, president of GM China, said. "The success of our joint ventures, like SAIC General Motors Corp and SAIC-GMWuling Automobile Co, is the best proof of China's economic opportunities and our long-term commitment to working with local partners to provide world-leading mobility solutions to our customers in China."