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Another driver of trade between the two sides is the interconnectivity in electronic manufacturing between China and countries like Vietnam, Malaysia and Singapore along the global supply chain, said Li. Integrated circuits, for instance, saw imports from and exports to ASEAN grow 23.8 percent and 29.1 percent in the period.

Another 86 companies are expected to post a rise in their net profits in 2017, but their annual reports are yet to be released.

Anthony Fauci, the top US public health expert who has led the National Institute of Allergy and Infectious Diseases since 1984, said in Senate testimony on Tuesday that the country's official death toll was probably undercounted, and warned that "the consequences could be really serious" if the country prematurely lifts lockdowns.

Apart from China's improved business environment dominated by the market economy, the nation's comprehensive advantages based on efficiency, labor quality, resources and digital and physical infrastructure will continue to help the nation attract investment from global companies over the long term. Backed by its institutional advantages, impressive mobilization ability and industrial system, the country's epidemic prevention and control work fully demonstrates China's strength in overcoming difficulties. This will play a key role in attracting foreign investment in the future.

Apart from direct trade, China has been helping develop infrastructure and improve connectivity within ASEAN member states. A large number of industrial parks between China and ASEAN countries have also contributed to trade and investment cooperation activities, while the recently signed RCEP, which aims to cut tariffs, further open markets and lower barriers to liberalize trade and investment, is set to boost trade and investment and further integrate the regional market, he said.