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"From my experience, in the petrochemical industry, the international market usually lacks sufficient understanding of Chinese products, so sometimes they don't accept Chinese equipment," Sun Songquan, vice-general manager of the sourcing department of SEG, said during a panel discussion on Tuesday at a Belt and Road Forum in Urumqi, the Xinjiang Uygur autonomous region.

"Generally speaking, conventional manufacturing sectors have been recovering since last November, and the first quarter showed that consumption is growing fast, particularly healthcare and food and beverages," said a research note from China Galaxy Securities.

"For us, we must emphasize both retail shops and online sales. Our efficiency is greatly improved and costs greatly reduced by taking advantage of online livestreaming tools," he said.

"For instance, Baidu is leveraging AI to help supermarkets better manage their supply of fresh food, by analyzing and predicting which products are most popular," said Li, who runs China's largest search engine.

"Getting TikTok off Americans' phones can be done easily, since the app store market is a duopoly, Apple and Google. But the legal implications are much more complex," he said.