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"China's imports of US medical care and high-tech products are likely to surpass that of energy and agricultural products in terms of both value and variety," he said.

"China's vital position in manufacturing, services and the retail sector won't change. The outbreak has not caused a notable shift in the consumption trend, supply and production chains," he said.

"Chinese investors are interested in our agricultural products and we export fresh Cavendish bananas, canned fruits and other food products to China," Alonto said.

"China, which started recovering earlier, is projected to grow strongly, accounting for over one-third of world economic growth in 2021," said Laurence Boone, chief economist at the Organization for Economic Cooperation and Development, at the release of the organization's Economic Outlook earlier this month.

"Currently, COVID-19 is eroding human life and health. The world has fallen into a deep recession. Global governance is facing serious dilemmas with huge tides of unemployment, bankruptcies and supply chain disruptions as well as the ever growing deficits in governance, development and trust," Wang said.