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"China has strictly followed the procedures stipulated by law and released the information at the earliest possible time," said Zheng Shuna, a deputy to the National People's Congress, the country's national legislature, noting that a detailed timeline on China's COVID-19 response has been released.

"China is playing an increasingly important role due to the sale of hearing solutions via private specialist stores and retail chains, he said, adding the country shows a vast potential in market penetration as an estimated 70 million people in the country suffer from hearing loss, but a mere 5 percent own hearing aids.

"But this crisis is not simply about liquidity. It is primarily about solvency -- at a time when large segments of the global economy have come to a complete stop. As a result, fiscal policy has a vital role to play," he said.

"China is not only our largest market in the world but also a leader in innovation and related services," said Jochen Goller, president and CEO of BMW Group China. "It is thus a country of strategic priority for us."

"China has arrived at a turning point in the 'new era' where citizens not only live in a physical world but have a digital life. Everyone can be a 'digital citizen'," said Wang Jing, CEO of Newland Hi-Tech Group Co Ltd, a Chinese wireless telecommunication technology company that developed the Fuzhou D-ID system.