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"China will not slow its steps in opening itself up. We will work together with other countries to create new drivers of common development through the launching of the Belt and Road Initiative," he said.

"Chinese investments, like the one done in Vado Ligure, are necessary; if we want to develop a certain area, we need to welcome these investments. We can't stop progress," said Giancarlo Vinacci, deputy mayor of nearby port city Genoa which boasts Italy's busiest port.

"Chinese panel companies are developing rapidly in the flexible and foldable screens sector, but we still lag behind South Korean competitors in key technical talent, craftsmanship and product reliability," said Wang Jian, an analyst at Beijing-based market researcher Sigmaintell Consulting.

"China's central to global supply chain, central to global trade, playing a major role and is the largest producer in the world," said Roach, adding "it is encouraging to see there are signs of revival in production" after the nation experienced about two months of tight control over its economy in an effort to contain the COVID-19 outbreak.

"Chinese mainland enterprises have become the backbone for Hong Kong's IPO market," Chen said, adding their daily average trading volumes contribute 80 percent of the market total.