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"Chinese tourists will be able pay for various hospitality services using Alipay and WeChat Pay," he said, noting that East African traders will be able to purchase goods from China using the Chinese mobile payments.

"Considering the fact that the global economy is still in a sluggish recovery mode and trade protectionism is on the rise across the world, it is imperative for Asian countries to develop its own new growth engine. Closer and stronger economic ties between ASEAN and CJK countries cannot be fully reached without better people-to-people exchange. During this process, media exchange is undoubtedly one of the significant factors influencing mutual understanding and trust because media is still playing as the main source of information of other countries. Communication is the most important and effective means to harmonize or reconcile existing gaps and building trust among different perspectives," said Lee Jong-hein, secretary general of Trilateral Cooperation Secretariat.

"Countries should engage in international cooperation to fight against COVID-19, in particular to assist developing countries," he added.

"Considering that the Chinese economy has not yet completely returned to normal, those industries and companies hard-hit by the pandemic are still facing relatively high pressure, and their ability to repay loans continues to weaken," said Belinda Zhang, PwC China financial services partner.

"Climate change impacts like droughts, and floods are becoming more frequent and intense, leading to unsustainability of agriculture," Srinivasan Ancha, the Asian Development Bank's principal climate change specialist for Southeast Asia, said.