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"China is good at scaling up the innovation that will have global impact. Whenever there's a new technology or a new industry, China is a good place to scale it up," he said.

"But of course, we have to modernize, we have to be innovative, we have to bring new technologies, we have to be increasingly and ever more environmentally friendly," Chao said.

"Cambodia is willing to communicate with China closely, and join hands with China in maintaining multilateralism, international rules, and regional peace and stability," he added.

"China is a vital part in HMH's global strategy," said Sam Bonfante, senior vice-president of HMH global markets. "VIPKID, linking 500,000 students and 60,000 teachers, is a Chinese innovation to combine education with technology."

"But we are also looking at more dire scenarios where the spread of the virus continues for longer and more globally, and the growth consequences are more protracted," she cautioned.