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As a pioneer in supplying electronics and home appliances to rural markets, the founders of Huitongda, Chairman Wang Jianguo and CEO Xu Xiuxian were keenly aware of the vast market potential of small and medium-sized townships and villages in China. The company has a deep understanding of the local characteristics of and the pivotal role mom-and-pop shops serve as both the agents for bringing goods to the countryside and upstream distribution channels for selling agricultural products.

As a huge market, China will firmly open its door to the outside world, strengthen intellectual property rights protection and build a marketized business environment, Li said. Japanese companies are welcome to invest in China, he said.

As Yale's president, Salovey now travels to China about three times a year, mostly for Yale's joint programs in China and its alumni events there.

As consensus is fast emerging that supply chains hold the key to preempting the health crisis sparked by COVID-19 from turning into a global food and humanitarian crisis, China is innovating financial technologies, or fintech, to strengthen its small and mid-sized enterprises involved in cross-border trade.

As a result, the province has made great efforts to create a web of roads and connect settlements scattered in the hilly terrain.