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"China has done its best, from sharing information on the virus and the disease to providing medical resources to foreign countries, and now it is committed to developing vaccines as a global public product, with actual action," Shi said.

"China has made significant progress in financial market opening-up and participated in an expanding scale of trade, cross-border investment and human resource movement, naturally strengthening the yuan's international role," Zhang said, adding that the growth of the yuan's share in global reserves could help stabilize global financial markets with currency diversification.

"Caterpillar China has striven to build an integrated system for its mini excavator business, covering local R&D and manufacturing as well as the provision of components and parts," said Chen Qihua, vice-president of Caterpillar and chairman of Caterpillar China.

"But the RCEP, based on WTO rules, can be seen as a pilot area for the WTO to provide experience for a global trading system," he said.

"By working together, we can overcome them. We must be as inclusive as possible in our deliberations," he said.