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"Despite trade tensions with the United States, China hopes to send the message that the nation will stick to efforts to facilitate globalization," said Xia Qing, an official with the National Development and Reform Commission, on Wednesday.

"Eventually, it's down to the airlines to decide whether or not to utilize the new traffic rights," he said. "If there is no demand, the airlines won't operate the route, otherwise they will lose money. Profitability is really the main concern."

"Despite increased bond issuance quotas, local government debt continues to rely on local government financing vehicles－in effect specialized local government-owned and State-owned enterprises－to fund a significant portion of their infrastructure investment," said Fang.

"Faced with challenges of the novel coronavirus pneumonia epidemic, SCO members have firmly upheld the Shanghai Spirit, actively carried out anti-epidemic cooperation and practiced the concept of a community with a shared future for mankind with actual deeds," Zhao said.

"Europe's economy is open and closely interlinked to the rest of the world. If this is to remain a strength, we must stay vigilant," said European Commission Executive Vice-President Margrethe Vestager.