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"China and the EU do not have fundamental conflicts of interests. China-EU interactions are a mutually beneficial positive cycle, not a competition where one side loses and the other side wins," the minister 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.

"China is one of the most attractive markets for Henkel and plays a strategic role in our global business," said Agarwal.

"Carrefour's strong supply chain, rich offline operational experience and brand awareness, and Suning's extensive logistics networks and technology will be combined to further streamline our online-to-offline layout and efficiently reduce costs in sourcing and logistics in order to raise market competitiveness and profitability."

"China is a crucial market with amazing vitality. We will continue to work as partners with China to build sustainable agriculture and invest in rural areas," said MacLennan, adding that China's multiple measures to diversify the supply of quality products and services will effectively drive its economic growth.