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"Global governance is totally unfit for 21st-century purpose and not least for fighting this pandemic. This thing is developing, not least within the southern hemisphere in places like Africa. These countries are going to need massive support. We are not seeing any of that," he said.

"Food, energy and high technology are three key sectors considering the current international economic and political environment. The first two relate to stability. The last defines whether we can develop," Mei said, adding manufacturing has a high proportion of Wuhan's economy and that the city should further promote its auto, steel and high-tech industries.

"For more than a decade, selling more vehicles in more countries was the key aim of our global strategy," Wang said. Early success in exports led to robust growth rate, which tempted the company to concentrate on boosting numbers initially, only to shift the focus to quality later.

"For a period of time in America, Chinese medicine seemed relegated to the past -- particularly in contrast to the high-tech advances made in biomedicine during the 20th century," said Donna Mah, a faculty member of Pacific College of Oriental Medicine in New York.

"Fitch was the first international rating agency to set up an office in the country in Beijing in 1997, and we are among the first to position ourselves for the onshore rating business - having divested our Chinese joint venture earlier this year," added Li.