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"For every dollar we make, we probably profit, realistically, 4 to 5 cents, and that's a lot to be able to pay a rent that's ,000, and many landlords are unwilling to work with us," she said.

"For the next step, speed is still not the priority that we want to pursue, and there is no target to say when and where we must go," said Huang Yiping, deputy dean of Peking University's National School of Development and the chairman of the CF40 academic board.

"Forty years after the beginning of China's reform and opening-up, China's supply chain, manufacturing chain, as well as its talent pool, have probably grown to the top position in the world," said Wu Peng, general manager of marketing and sales at Dreame Technology, a Tianjin-based company that specializes in smart household appliances."Along with the development of these basic infrastructures, Chinese brands have become very competitive in the world."

"From the very beginning of this pandemic, we put the health and safety of the American people first," DNC Chairman Tom Perez said in a statement.

"Further opening-up will not only help lift China's role in the global value chain but will also allow the country to better participate in the global governance which is crucial for the development of the global economy," Cheng said.