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"China came to Greece when nobody else would," Papakonstantinou said, referring to the large flow of Chinese investments to the country at the height of its economic crisis.

"China has never compromised, and will not compromise when it comes to safeguarding the one-China policy," he said, adding that China will take countermeasures against the "destructive" US practice.

"China is playing an essential role in driving toward a future of zero emissions, and GM is intent on helping to make it happen," said Matt Tsien, GM executive vice-president and president of GM China.

"China is one of the first countries coming out of COVID-19's impact, though it is still careful of possible second waves," said Li. "It's important for business communities when looking at the market, you should look at the stability, and even with this challenge, China survived and came out strong."

"CPI is expected to be on an upward trajectory over the whole year. It may peak at around 2.9 percent in September and October, and fall seasonally in November and December," Yang Xiao, a researcher from Kunming, Yunnan province-based Pacific Securities wrote on Tuesday.