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"China has been stocking up on the precious metal ever since it resumed purchases of the yellow metal in December 2018 and the trend is likely to continue," she said.

"By the standards of other countries, it (China's growth) is still very impressive," King said, adding that supply-side reforms and monetary and fiscal stimuli are expected to be stepped up over the next 12 months and partially offset impacts of the trade friction.

"China and the US have quite a history of cooperation in the healthcare industry. Yale University, for instance, has long been carrying out programs in collaboration with China," Liu said.

"China has seen huge benefits brought by the deep integration of information technology and digital transformation amid the outbreak," Gao Gao, deputy secretary-general of the National Development and Reform Commission, said during a news conference.

"But we're setting up a new model based on the internet of things and big data."