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"China is one of the most, if not the most, important markets for us. Even though cognac only accounts for a tiny fraction of the market here, the penetration rate is the highest," he said.

"But, even if everything had worked out perfectly, there could still be faults. And, even if everything is broken, there would still be lessons," he says.

"China and the EU do not have fundamental conflicts of interests. China-EU interactions are a mutually beneficial positive cycle, not a competition where one side loses and the other side wins," the minister said.

"China is deepening opening-up and reform, with progress in production resumption as the epidemic is being controlled. As the internationalization of China's capital market is continuing, renminbi-denominated assets are attractive, which will provide the foundation for a stable foreign exchange market," Wang said.

"China Chengtong will team up with other investors including Baidu, Alibaba and Tencent to help China Unicom develop in cloud computing and big data," Li said. "More important, through the fund investors can share the opportunity to participate in SOE reforms."