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"Free trade zones reflect China's policy of opening-up and the benefits will mainly lie in the liberalization and facilitation of trade and investment," said Huang Xianhai, vice-dean of the School of Economics at Zhejiang University.

"Following an exceptionally weak first quarter due to COVID-19, we saw a strong rebound in the second quarter in China auto demand to near previous-year volumes, and current forecast volumes in Q3 could even exceed 2019," said an executive of an American auto parts supplier.

"Fierce competition among local players in the mid-to-affordable premium market has forced key local players to continuously improve their offerings and roll out advanced features that are more akin to premium level smartphones," said James Yan, research director at Counterpoint.

"For a long time, there has been a lot of cooperation between China and the Philippines with regard to the apparel and footwear trade. For Filipinos, Chinese textiles is both of good quality and is yet affordable to their budgets," Santos said.

"For companies in Foshan and Zhongshan, handling goods through Nansha Port will help reduce transport costs by more than 60 percent, compared with Hong Kong and Shenzhen," Peng said.