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"Chinese consumers also favor more high-end baijiu given upgrades in consumption, which has helped increased companies' profits," the report added.

"China's rapid growth to become the top filer of international patent applications via WIPO underlines a long-term shift in the locus of innovation towards the East, with Asia-based applicants now accounting for more than half of all PCT applications," said Gurry, in a video broadcast on the results of WIPO in 2019, and program highlights and challenges for 2020, including the COVID-19 pandemic.

"Chinese going abroad for investment or trade have become a strong pull for tourism, and the growing number of Chinese tourists abroad will also stimulate trade," said Zhang Jianping, director of the Regional Economic Research Center of the Ministry of Commerce. "But it is also worth noting that current tourism services and infrastructure in China have not yet satisfied people's increasing demand for travel."

"China will open its doors even wider to the world. Our country's new development pattern of 'dual circulation' is consistent with the higher-level opening-up. The pattern features domestic and international dual circulation, which complement each other and are inseparable. It is impossible to promote domestic circulation alone without pushing forward international circulation," said Wang.

"China's export performance is indeed a proof of its solid status as the world's factory," Bloomberg quoted Yao Wei, China economist at Societe Generale SA, as saying. "It is reliable, as the quick and effective containment of the outbreak in China allowed its manufacturing sector to resume operations way ahead of others."