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"Coking coal is fairly generic and very common around the globe but the metallurgical coal is where they are getting their margins up."

"Currently, when foreign investors enter Chinese market, they will find out that the hedging tools, financial derivatives and other financial products still need to further develop. The key task this year is to provide sufficient financial hedging instruments to let investors effectively manage risks," Yi said at the forum.

"Competition is definitely fierce," said Zhao Huanyan, chief analyst at Shenzhen-based hospitality consultancy Huamei. "For platforms like Fliggy, scaling by gathering more hotel resources is a prerequisite before technology can make a difference and generate profits."

"China's performance indicates that the torrents of merger and acquisition activities aiming to forge globally influential conglomerates are starting to pay off," said Jiang Qingyun, a business professor at Fudan University's School of Management. "It's a natural reflection of the country's overall economic status."

"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."