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"China didn't become the world's factory overnight. It was 30 or 40 years in the making, and there are reasons why multinationals have put their supply chains in China. It is not because they necessarily love China－they are there for sound commercial and economic rationalities. None of these have changed."

"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 our second largest market worldwide," said Gilbert Ghostine, Firmenich CEO, adding that he expects the factory in Zhangjiagang to play a central role in the company's growth.

"But pornography in most cases is quite misleading," she said, adding more needs to be done to eliminate such content on websites and apps that children frequently use.

"Charging the president with a crime was not an option we could consider," Mueller said, adding that "it would be unfair to accuse someone of a crime when there could be no court resolution of the charge."