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"Cross-border e-commerce greatly lowers the bar to enter global trade as the scale of doing business online doesn't need to be huge. Thereby, it is involving more participants, especially SMEs, in commerce worldwide," said Liao Xiaoqi, former vice-minister of commerce, prior to the Boao Forum for Asia, which officially kicks off on Thursday.

"Currently cinema owners like us are already facing cash flow challenges with little revenue coming in and continuous expenses for rent, equipment and staff," Wang said.

"Consumption has a greater role to play in stabilizing growth, and the commission will take more measures to boost domestic demand and unleash gigantic domestic market potential," he said.

"Currently, China is shifting its focus of opening-up from trade in goods to trade in services. During the first seven months of this year, China's trade in services stabilized, trade deficit decreased and knowledge-intensive industries grew despite the challenges brought by COVID-19.Services trade has become a new bright spot in the development of international trade," he said.

"Cooperation is the only right choice that our two countries should make," Cui said. "What the interests of our two peoples have put on us is the historical responsibilities to get the China-US relationship right, not the liberty for anyone to make it fail."