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"But there are smart policy options available that can soften these trade-offs, such as investing in testing and tracing capacity and durably expanding social protection to cover the poor and the informal sector."

"Certainly, it provides a great opportunity for investors to go to China and experience the dynamic and growing economy," he said.

"China on line 1, Mr. Bezos."

"By early 2021, countries representing more than 65 percent of global carbon dioxide emissions and more than 70 percent of the world economy are very likely to have made ambitious commitments to carbon neutrality," he said.

"But there is no need to panic. The contraction in earnings of most industrial sectors should substantially narrow in the second half of the year as domestic demand recovers," Yang said. He also underscored the importance of offering more tax relief and financial aid to hard-hit exporters as well as small businesses.