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"But the downturn was so big – the hole that was dug was so deep – that it will still take probably at least a couple of years to dig ourselves out."

"China is well-established as a manufacturing hub but not in the upfront engineering sector," said Peter Zhang, chief executive officer of Aon Hewitt in China. "Because of this, Chinese companies have to resort to seeking candidates in other companies."

"China is an important factor," said Suan, adding that China's performance will be particularly important for the ASEAN region. "If China shuts down, we will be unable to get our goods or the needed inputs from China. Now China is back on its feet, so that should be able to help us get through this challenging period."

"China is ramping up efforts to minimize the impact of the outbreak and create a comprehensively well-off society," Li said at a news conference on Tuesday.

"China is taking the lead in the area of internet economy where there is huge room for cooperation," said David Liao, president and CEO of HSBC China, at a recent forum held by the multinational banking and financial services institution in Beijing on the China-ASEAN economic corridor.