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"China has rich experience in targeted poverty reduction, and that is shareable and scalable," Debele said, adding that some policies carried out in the last few years by the Chinese government, such as rural revitalization and green development, help eradicate extreme poverty sustainably.

"China is the victim of US trade bullying," he added.

"China is one of Novo Nordisk's most important markets, and we will continue to develop in China to serve more Chinese people with diabetes, and through China Essentials 2.0, help bring Chinese innovation to the world."

"But we know that mistrust remains high, and that it is difficult to move to implementation," Guterres said.

"China goes far ahead of the rest of the world in customer-oriented digital environment, with a huge amount of user data accumulated, and lags behind leading economies in the business-oriented digital environment, such as the manufacturing and supply chain," said Zhou Jieqi, a partner of EY Parthenon Transaction Advisory Services.