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As the world economy is recovering from the aftermath of COVID-19, the BRI has more potential to produce infrastructure projects and promote economic growth, he said, adding that in addition to promoting sustainable development, anti-corruption cooperation also needs to be listed on the agenda.

As planned by the Beijing municipal government, the Beijing International Technology Cooperation Center and the Beijing Bureau of Complete Equipment and Machinery completed restructuring of ownership and merger, marking the completion of transformation of all six public institutions into enterprises under the direct supervision of Beijing's State-owned Assets Supervision and Administration Commission. A total of 314 State-owned enterprises have completed similar restructuring by the end of June.

As such, the inaugural China International Import Expo, which is scheduled to take place in Shanghai in November, will offer the city another boost in building itself into a world-class shopping hub, Shang said. The expo is expected to attract thousands of importers from across the world and around 150,000 buyers from within the country.

As to competition in the U.S., Kanter said that they are taking market share mostly from traditional mom-and-pop and single-store brick-and-mortar retailers.

As the global aviation industry suffers losses amid the COVID-19 pandemic, China is one of the few countries that presents a clear growth opportunity in the sector. International operators can therefore cash in on growing demand in the country, experts said.