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"Compared with traditional trade that relies heavily on bulky multinational corporations, cross-border e-commerce is creating a fast track for small, micro and medium-sized enterprises by trimming costs and providing more personalized services," said Chu Yin, a professor at the University of International Relations in Beijing.

"Cuba hopes to get involved in the BRI with true commitment and believes that it will contribute to attracting further Chinese investment in our country as we update our economic model," he said.

"Chinese companies are really able to grow very quickly and a lot of them are very large. If we can make these companies our customers, it will generate handsome business volume," he said. "Chinese customers are learning quickly. They are very interested in learning innovative content and from other organizations."

"China's steel output grew rapidly in the first quarter of 2019, and crude steel output from China accounted for more than half of the world total, a record," he said, adding the increased output has led to increased steel inventories.

"China's response to the pandemic has been far more focused, forceful and effective than elsewhere. Policy has focused on keeping businesses afloat and people employed, and this has paved the foundation for the swift recovery."