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"China is always open toward addressing the concerns of the US side via dialogue and cooperation," the commission said.

"China has seen huge benefits brought by the deep integration of information technology and digital transformation amid the outbreak," Gao Gao, deputy secretary-general of the National Development and Reform Commission, said during a news conference.

"China as a country is a quick adapter of new tech, so companies that might struggle to create a market in the US have an opportunity to get quicker market acceptance in China," he said.

"China experienced very rapid productivity growth, at least until recently, as pragmatic, progrowth policies helped deploy its abundant capital and labor more productively, and this included rebalancing of State and market forces in resource allocation," he said.

"China has the potential to be our second-largest and even the largest market, given the sheer size of the personal care market, "Arya told China Daily in a recent interview. The company's China business is currently worth 1 billion yuan (5 million) and ranks third after India and Malaysia.