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"Considering the billions of doses needed, and the risk [of] falling at the back of a very long line for Western vaccines, the appeal of the Chinese vaccines is apparent," Taimur Baig, chief economist and managing director at DBS Group Research, said in a note to US business news channel CNBC.

"Chinese companies have gained an upper hand in large-screen LCD displays. South Korea's Samsung and LG have announced they will exit from the LCD sector, which means Chinese panel makers will take a dominant position," said Li, adding that the South Korean firms will focus on OLED and QLED(quantum dot light-emitting diode) displays.

"China's current account is now broadly in line with fundamentals," said Gita Gopinath, an economist at the IMF. "The (current account surplus) decline reflected a combination of structural factors and expansionary credit and fiscal policies, but also greater exchange rate flexibility and the associated real appreciation over the last decade."

"Considering the presale orders, Mexico can become the largest overseas market for the model," said the carmaker in a statement.

"China will continue to resolutely promote all-around opening-up, … which will absolutely bring new opportunities for the development of the ROK and Japan as well as providing broad space for trilateral cooperation," Wang said at a news conference after the meeting.