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"By embracing the BRI,(the government) would open these projects to investment from many avenues making the project a reality rather than a talking point," he said.

"But the US' strong growth may not be sustainable," he said. "It cannot escape the economic cycle."

"China is the fastest growing Toys R Us market in the group. We do see a lot of future growth in China. I think we can double our stores … at 400 stores by 2021, when we reach that China will become probably the biggest market in the group," said Nicholas Green, managing director of Toys R Us China.

"COVID-19 has severely impacted global aviation at a level that virtually resets the sector. In the past few months, we have seen a huge reduction in travel budgets, falling demand for personal travel out of safety and job worries as well as business trips being largely replaced by videoconferencing and other remote methodologies," said Yu Zhanfu, partner and vice-president for China at consultancy Roland Berger.

"China has continued to deepen reform and development, creating a fairer and better business environment for global companies operating in China, prompting us to bring more innovative solutions to the country in a faster manner," he said.