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"China is able to respond to various uncertainties, supported by ample space for macroeconomic policies with a rich set of policy tools," said Yi, as quoted in the statement.

"By seeing how we treat illness and maintain our health, we hope visitors can learn about the ancient philosophical concepts that are the backbone of Chinese culture," said Herb Tam, MOCA's Curator and Director of Exhibitions.

"By integrating the advantages of the socialist system and market economy, China can fully unleash the vitality of the market and at the same time ensure stable operation of the economy to avert economic crises," He Zili, a professor at Nankai University School of Economics, wrote in an article.

"CIIE serves as the platform for international procurement, investment promotion, cultural exchange, and opening-up and cooperation," said Wang Bingnan, vice-minister of commerce and director of the CIIE Bureau, while addressing the ceremony. "Amid the COVID-19 pandemic, to successfully host the third CIIE shows China's crucial role and responsibility in restoring the global economy," he added.

"Changsha has a largely undervalued real estate market and the restrictive policy will help curb housing speculation," Yan added. "The previous restrictive policy targeted individual buyers, but companies were not directly affected."