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"Cultural exchanges and dialogue between different civilizations are critically important, as they help to eliminate differences and misunderstandings and increase common ground," she said.

"Chinese exporters are no longer manufacturers simply focusing on production and selling low-end products. Instead, more and more companies have been attaching importance to development of their own brands, improving quality and design to better compete in the global market," said Xu Bing, spokesman of the Canton Fair.

"China still has the potential to mobilize resources to support the economy. For example, we could continue to lower the RRR, lower interest rates and inject more liquidity into the economy," he said.

"Chinese entrepreneurial ecosystem is huge as most valuable AI companies in computer vision, speech recognition, drones are all Chinese companies today," Lee added.

"Compared with the time needed for the industry to recover, what is more critical now is when consumers' demand for travel will resume," the spokesperson said.