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"China and Chinese, I am so thankful to you for the new ways of thinking you have opened my eyes to, and for making me contemplate more deeply the true meaning of 'compassion'."

"China has been a staunch supporter and defender of globalization," he said. But globalization in the post-COVID-19 era may require changes to address inequality, environmental degradation and social issues, he added.

"China is making a very sensible bet here on AI. It is very well placed to take advantage of the coming AI revolution. It has a lot of data, it has lots of big tech companies which are well positioned to develop," Walsh said.

"China is now more important to the international community than ever before - I believe no international or regional issues can be solved without China's involvement," he said.

"Central banks in the Asia-Pacific region have followed or will follow the Fed's move by ensuring that they have done what they can to add liquidity to the financial system and work to avoid the grinding to a halt of funding markets," said Daniel Gerard, senior multi asset strategist at State Street Global Markets.