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"Complicated disputes and those that demand litigants to offer abundant evidence still need to be postponed during the epidemic," he said, calling for courts nationwide not to file new cases during the period, "because a new filing means litigants and their attorneys should go out to discover evidence, which is not good amid efforts to prevent and control the disease".

"China will develop a stronger multi-layered capital market, which includes large stock exchanges, regional equity markets, private funds and venture capital funds, to better support the development of innovative enterprises," he said while highlighting the importance of daring innovation in the banking, insurance and securities sectors.

"China will not envy others, nor will it complain if others benefit from China's development," he said.

"Clearly it's a question of market size, growth rates and ease of doing business here," Ker Gibbs, president of the AmCham Shanghai, told China Daily.

"Compared with US SMEs, Chinese ones have a more flexible demand. Therefore, they require IT service providers that can offer solutions adaptable to changes at any time," Dong said.