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"China will be the world leader in AI by 2030," he said. As the trend of applying AI in real estate was strong, he said China is leading the way in real estate.

"China remains a critical market for European companies, dispelling the notion of economic decoupling," said Mats Harborn, president of the chamber.

"Clariant's development will be decided in Asia, especially in China. Innovation is an important carrier for China on its path to becoming better. And an MNC like Clariant, which has strong innovative resources, will continuously strengthen its local innovation capability for China's development."

"Chinese shoppers, in particular those born in the 1980s and 1990s, love living a comfortable life ... they like traveling, care about their individuality, and have different pursuits to match their lifestyle," said He Xiaoqing, global partner at A.T. Kearney, the US-based management counseling firm.

"Coronavirus infections are spiking across the country, but President Trump decided to attack Dr Fauci again today as a 'disaster' and call public health experts 'idiots' instead of laying out a plan to beat this virus or heeding their advice about how we can save lives and get our economy moving again," Biden said.