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"China has very, very impressive infrastructure - high-speed rail that would be an asset to the United States. But what they have succeeded in doing is going from very, very human capital poor to one of the better educated emerging economies," he said.

"By 2021, we will have doubled our sales of electrified vehicles compared with 2019," Krueger promised.

"Buying a vehicle without buying the battery is what the electric car sector should be like," said Li.

"China is taking the lead in the autonomous driving sector around the world," said Li Zhenyu, corporate vice-president of Baidu and general manager of the company's intelligent driving group. He said that Baidu Apollo will continue to push forward the commercial application of autonomous driving.

"China has been a staunch supporter and defender of globalization," he said. But globalization in the post-COVID-19 era may require changes to address inequality, environmental degradation and social issues, he added.