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"Faced with stiffer competition, Chinese battery makers must improve their competitive edge and cut their cost to stay competitive," said Cui said.

"Domestically, we should continue to consolidate the epidemic prevention and control achievements, vitalize the market, optimize the business environment and remove barriers hindering the development of the domestic market," Liu said. "Internationally, we should focus on addressing weak links in expanding opening-up and deepen reforms to boost foreign investment and trade."

"Economic instability leads to political instability, which leads to civil war, riots and political unrest," he said, adding that countries that are already going through hard times economically are more vulnerable to such impact.

"Experts in big data analytics and life sciences from Intel and Lenovo will integrate our resources and expertise to help address the critical challenges and drive the development of health and life sciences," Tong said.

"Effective and efficient tools for genomic analysis, DNA synthesis, assembly and testing are crucial to the development of ultra-safe, virus-resistant cells. With significant experience in DNA synthesis, Harvard University's cooperation with GenScript will be beneficial to this project."