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"But we need to maximize opportunities and minimize challenges by tackling anti-globalization forces to accelerate growth," he added.

"China is among those countries," he said while also listing the Republic of Korea, Singapore, Japan, New Zealand and Australia.

"China has deepened and widened the opening-up of its financial sector by issuing licenses to foreign investors, allowing them to establish wholly owned companies or take a controlling interest in joint ventures in major business segments of the financial sector. It means that foreign investors can make better use of what they put great emphasis on－their management capabilities and management authority," said John Qu, senior partner at McKinsey, at the 2020 Global Wealth Management Forum in Beijing.

"China is the largest producer and consumer of pork in the world. In 2019, ASF will result in a reduction in pig stocks of 20 percent, or 130 million pigs. This will have significant impact on the global meat and animal feed market," said the latest issue of Food Outlook released by the Food and Agriculture Organization of the United Nations on May 9.

"By signing the agreement, both nations can obtain more information and have a better understanding of each other's markets," said Toshihiro Iwasaki, chairman of the Japan Investment Trusts Association.