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As the country opened up on the scope of business for foreign banks, Citi China's areas of business have gradually expanded over the past few decades from foreign currency-denominated business to renminbi business, and from large corporates to small-and medium-sized enterprises and consumer banking. In 2007, the bank was one of the first to become a locally incorporated bank with comprehensive functions.

As two major economies of the world, China and the EU should stick to free trade and jointly protect the stability of the global industrial and supply chains, so as to play a key role in promoting global development and prosperity in the post-epidemic era, Wang said.

As such products are not yet registered in China, they cannot be directly imported into the country. Therefore, it used to take at least three months for Jousing to import the electrode pads in indirect, inefficient ways.

As the two largest economies in the world, China and the US should jointly play guiding roles, push the G20 Osaka Summit to yield outcomes and inject confidence and vitality into the global market, Xi added.

As the government vows to improve infrastructure and accelerate approval of projects, Liu said he expected the growth of infrastructure investment and FAI to pick up and stabilize in H2.