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"Chinese firms in Ethiopia are predominantly investing in the manufacturing sector followed by the service sector and the agricultural sector."

"Cosmetics is not a necessity. There will be a phase of delayed consumption due to the epidemic. Once the contagion is over, makeup sales are expected to see a big rebound," said Neil Wang, president of Frost & Sullivan China, a consultancy.

"Cross-border e-commerce has effectively broadened the channels for enterprises seeking to enter the international market using internet and information technology, becoming an important technical foundation to promote economic integration and the globalization of trade," said Diane Wang, founder and CEO of DHgate, a cross-border business-to-business e-commerce platform.

"Collaboration between development institutions is essential to make the best use of scarce resources, crow in the private sector, and meet the rising aspirations of the people we serve," said Jim Yong Kim, president of the World Bank.

"China resolutely defends its territorial sovereignty and any attempt to infringe upon China's sovereignty over Diaoyu Islands will be futile," Foreign Ministry spokesperson Lu Kang said, adding that Diaoyu Islands and its adjacent islets have been an inherent part of Chinese territory since ancient times.