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As the pandemic continues to batter global businesses and roil markets, Ngai stressed the importance of agility and adaptability for enterprises to survive and grow in this difficult time.

As the Chinese market grows bigger and more mature, immeasurable purchasing power will be created, which will provide wider markets both for China and the world, Wang added.

As the United States' decision to impose heavy tariffs on steel and aluminum sent a fresh shudder through global markets, and the European Union waits to see where the United Kingdom's withdrawal will lead the bloc, China's unswerving support for open and free trade makes a big difference, Ewert said.

As the Australian Labor Party has become increasingly frustrated about a lack of communication from the government on long-term China policy, Watts asked the administration of Prime Minister Scott Morrison to keep communicating with opposition parties and maintain "long-term consistency of message" when engaging with China.

As the new market's first auction kicked off at 5:30 am, its halls filled with the sound of bells and the shouts of traders, who also used hand signals in the scramble to get the day's best produce.