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"Even though many global companies previously adjusted their global production plans based on factors such as operational cost and stability of supply chain, we have seen both goods orders and investment flowing back to China in recent months," he said.

"Especially in recent years, we've provided products and services of value to our customers with high quality and speed, by collaborating with outstanding resources in China, and leveraging the strengths of Honda."

"Driven by the pandemic and uncertainties in the market, risk-hedging demand may continue to support the gold investment market," he added.

"During the process, we must learn from international practices, set out plans in line with the strategic position of Hainan, underline reform and innovation and stick to bottom-line thinking," Fu said at a news conference in Beijing on Thursday.

"E-commerce, where Alibaba holds a major presence, already hit a saturation point and in fact only accounts for less than 20 percent of China's retail market," Lu said.