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"But now our challenge is to make correct decisions for future competition, but you never know what your decisions made today may mean three or five years later," he said.

"By next year, the RMB may strengthen another two percent further."

"China contributed to the global wage growth," said Su Zhongxing, dean of Human Resources Management at Renmin University of China. "China has a large labor population. What's more, its wages grew rapidly in recent years. These factors obviously will help the world's average wage rise."

"China has been very open, flexible to help us and let Nepalese product enter Chinese market on a large scale. We need help from China for the time being to enhance our production capacity by means of Chinese technology, capital and skills to produce as per Chinese market demands," he said.

"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.