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"China, as the world's largest importer and consumer of iron ore, has the obligation to provide an open, transparent and fair price benchmark reflecting the real supply and demand situation on the global iron ore market," said Li Zhengqiang, chairman of the exchange.

"China's success in containing the coronavirus and reviving economic activity has been notable," said R. N. Bhaskar, consulting editor of Asia Converge and guest faculty at several institutes in India and overseas, noting that a recent official report on manufacturing showed the Chinese economy is recovering better than expected.

"Chinese buyers are important, influential and growing consumers of local real estate in the Seattle metro area, especially in key Eastside markets, where international homebuying has been expanding in recent years," said Dean Jones, president and CEO of Realogics Sotheby's International Realty.

"Countries including the US and India have been taking on China's IT players frequently, citing national security concerns. But this highlights the lack of widely acceptable international rules on service trade industries, especially in emerging industries."

"China's imports of US medical care and high-tech products are likely to surpass that of energy and agricultural products in terms of both value and variety," he said.