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"But while there are many welcome initiatives in this strategy, there is still too much reliance on voluntary measures, and precious little commitment to targets to reduce waste and boost recycling," he added.

"COVID-19 has severely impacted global aviation at a level that virtually resets the sector. In the past few months, we have seen a huge reduction in travel budgets, falling demand for personal travel out of safety and job worries as well as business trips being largely replaced by videoconferencing and other remote methodologies," said Yu Zhanfu, partner and vice-president for China at consultancy Roland Berger.

"By his policy of opening and reform, Deng set a new path for China that brought extraordinary economic growth, improved the lives and raised the educational levels of the Chinese people, linked China more deeply with the outside world, and improved relations with the major countries of the world," said Ezra Vogel, a professor at Harvard University and author of the 2011 book Deng Xiaoping and the Transformation of China.

"But we don't rule out the possibility that small bike-sharing companies will be shut down or acquired by other companies," Li added. "There will be a reshuffle in the market."

"Certain areas in the European Union, in the United Kingdom and in the US, they have not been benefited and they feel they don't fit in globalization," he said.