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"CATL will be a major supplier, securing capacity for the next generations of our EQ products in the years to come," he said.

"CSRC will actively promote the opening-up of the securities market, firmly implement each opening-up policy and continue to well manage the review work of setting up securities JVs or changing their actual controllers according to laws and regulations and in an efficient way," the commission said.

"China is creating mega unicorns at a fast pace, and some of the leading companies are now as big as comparable US firms. For example, Tencent is as big as Facebook," said Harry Man, a partner and founding member of Matrix Partners China, a venture capital company founded in 2008.

"But there is no need to panic. The contraction in earnings of most industrial sectors should substantially narrow in the second half of the year as domestic demand recovers," Yang said. He also underscored the importance of offering more tax relief and financial aid to hard-hit exporters as well as small businesses.

"China is currently the largest sender of international students to US institutions. The University of Tulsa wanted to establish an experienced presence in China in attempt to stabilize international enrollment caused by the unforeseen political challenges and increased competition for students worldwide," Johnson added.