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"China is making enormous investment in academic infrastructure to build up research capabilities, and that investment will pay off," he said.

"China has always been conducting favorable policies and it will further enhance its appeal to foreign investors, thereby combating the decline in advantages China used to have and the fierce competition for foreign investment from other countries," he said.

"CASC, as a representative of China's State-owned enterprises (SOEs), will take a lead in promoting the operational efficiency of state-owned capital to be used in building a 'healthy China' with a better medical system," he said.

"California, the state that has wasted billions of dollars on their out of control Fast Train, with no hope of completion, seems in charge!" the president tweeted.

"But on the demand side, the overseas pandemic situation may still exert an influence on China's exports," Chen said. "It will take some time for overseas orders to be restored."