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"Chinese companies are now paying more attention to physical investment as the declines in overseas manufacturing industries were smaller compared to those in the property, culture, sports and entertainment sectors," said Ma Yu, a senior researcher at the Chinese Academy of International Trade and Economic Cooperation in Beijing.

"China's bullet trains can also run in various climates, ranging from tropical to alpine, as well as across various geological conditions, which is definitely suitable for operation in big countries such as the US and Canada," he said.

"Currently those countries incinerate about 65 to 70 percent of their total waste, with daily production capacity reaching about 800,000 tons each. China is likely to hit this level by 2025. Now China's waste-to-power development is seeing steady progress, and has a relatively mature industrial value chain and technologies. Going forward, more effort is needed to advance current technologies to raise incineration efficiency and reduce emissions, as well as reduce costs to promote waste-to-power development in rural, less-developed areas," Zhang said.

"China today is flourishing due to the push from its public and private sectors. Although it was decided during the 'two sessions' not to set a growth target, they do focus on fighting poverty and preventing the pandemic from leading to job losses," said Gualda.

"China's economy has shown strong resilience for decades. This gives us full confidence that the impact of the epidemic on the economy is temporary and will not change the fundamentals of the nation's long-term economic growth," said Leon Wang, executive vice-president and international and China president of AstraZeneca.