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"Chinese fintech companies have been expanding overseas," said Joe Ngai, senior partner at consultants McKinsey & Co, noting the country's increasing influence in the sector.

"Chinese customers are looking for healthy, vibrant, segmented and functional items when they choose their dining options," said Ling Jin, director of market development China ingredients at Fonterra China, adding the company has developed two indigenous, patented probiotics that can be used in future product co-creations.

"Chinese clinical research will attract more attention internationally and better contribute to the world’s medical advances in the future," he said.

"Companies in China are in a phase of transition from a more mature product business to an increasingly innovative one," he said.

"Currently, the epidemic is generally stable and controllable in prisons across the country. With double-digit growth (of new infections) in recent days, the situation in Hubei prisons, however, is not optimistic. It remains an arduous task to prevent the spread of the epidemic (in the province)," said Chen, also deputy head of a team dispatched by the central government to facilitate epidemic control and prevention.