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"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.

"CITIC Capital is confident about the future growth and prospects of the business and we are actively participating in the bidding process," said a Hong Kong-based spokeswoman.

"COVID-19 is the single greatest catalyst for change in the industry in a generation, forcing our customers to reassess their priorities, but the global lockdown itself has not started any new trends on its own," said Sami Atiya, president of ABB's robotics and discrete automation business.

"China is going to witness a sales spurt in collaborative robots," the report stated, adding that cobot sales will swell more than four times in four years to 12,000 units in China by 2020.

"China has consistently opposed the use of force in dealing with international relations, and believes that all parties should take effective measures to observe the purposes and principles of the Charter of the United Nations, as well as basic norms that guide international relations," Geng said on Friday.