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"China strongly urges the United States to abide by the one-China principle, the three joint communiques between the two countries and UNGA Resolution 2758, and immediately stop backing the Taiwan region, politicizing, and undermining international response to the pandemic," he added.

"Currently, most of their revenues are from the domestic market," Dai said. "Douyin and Kuaishou have gained popularity in Japan and Southeast Asia, respectively. We expect those Chinese short video apps will see more downloads and revenues generated from overseas markets."

"Consumption is expected to contribute over 80 percent of GDP growth in 2019," said Guo Xiaobei, a researcher with China Minsheng Bank. The proportion was 76.2 percent in 2018.

"China's fast growing 5G technology infrastructure, artificial intelligence, machine learning and digital-related business environment, as well as people's willingness to connect with various products via digital applications, are creating many opportunities," said Sun Fuquan, a researcher at the Beijing-based Chinese Academy of Science and Technology for Development.

"China-Singapore relations have maintained a good momentum of development, and I hope the institute will deepen the opening-up of China's education to the world, and contribute to Singapore's development as well as the future of all mankind," says Hong Xiaoyong, the Chinese ambassador in Singapore.