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"China's pledge to further open its market to foreign companies tremendously improves the country's economic development, making the Chinese market one of the most attractive in the world," Zhou said.

"Cooperation between China and the EU is very much necessary now, as global competition will change after COVID-19," Prodi said. "Globalization will not end, but will change. We must set the rules now, with a common approach."

"Companies do this in a strategic manner. There is no sudden closing of plants in China and haphazard opening of other ones in new countries. Companies who do this, in fact, don't tend to close their China operations at all. It is all part of their long-term planning," he said.

"China will further reduce the negative list for foreign investment in its FTZs, and explore the establishment of a cross-border negative list management system for service trade in the FTZs this year," she said.

"China's new car market went through exponential growth. It's the biggest new car market in the world," said Emma Butcher, SMMT's head of communications, in an interview with Xinhua.