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"China and Britain both have a broad consensus in upholding free trade, supporting economic globalisation and improving global economic governance, and our cooperation in these areas has been effective," Liu said.

"China goes far ahead of the rest of the world in customer-oriented digital environment, with a huge amount of user data accumulated, and lags behind leading economies in the business-oriented digital environment, such as the manufacturing and supply chain," said Zhou Jieqi, a partner of EY Parthenon Transaction Advisory Services.

"China has the best petri dish, and could produce ventilators and masks for the public good," explained Robertson, vice-president and fellow at the Canadian Global Affairs Institute.

"By building industry clusters, provinces and municipalities along the belt can boost their competitiveness, which will optimize the industrial structure and help move industries in the regions from 'mid to low-end' to 'mid to high-end' markets in the long term," said Wu Qi, from the commercial bank research center at Hengfeng Bank Research Institute.

"But slashing prices may also have a side effect: hurting its brand image," Xiang added.