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"China has indeed contributed to the global wage growth," said Su Zhongxing, dean for Human Resources Management at Renmin University of China. "China has a large labor population, and also its wage grew rapidly in recent years. These factors obviously helped the world's wage to rise."

"China has always responded reciprocally," he said of the WTO filing and Chinese investigation announced this week on US sorghum exports to China.

"By doing such business, more SMEs are setting up their warehouses, customer services and a complete supply chain in foreign markets. Gradually, SMEs are able to serve customers overseas, just like big firms," Lou said.

"By adopting content marketing, such as the creation of short videos and tracing customer feedback, we've managed to keep precise track of changing customer needs and expand our meal replacement offerings to a broader scale," said Wang Liang, secretary to the chairman of Shanghai Mint Information Technology Co Ltd.

"COVID-19 has proved to us how fragile it could be in terms of the interconnectivity of our world, despite the progress we made about globalization before," Suthiphand said.