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As China's consumer market evolves, foreign companies operating in the country have also been shifting their model from "made in China" to "made for China", he said, noting that some 78 percent of the firms now produce goods and services in China for the local market, while the proportion was less than 23 percent in 2003.

As "America first" reins in the world's largest economy, many are increasingly turning to China, whose leaders have committed to openness and globalization.

As COVID-19 dealt a heavy blow to traditional trade models, cross-border e-commerce has become a major driving force for stabilizing foreign trade, said Wei Jianguo, vice-chairman of the China Center for International Economic Exchanges.

Areas characterized by excessive precipitation such as Heilongjiang province should pay attention to drainage and dehumidification and reduce the impact of farmland waterlogging disasters.

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