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"China has already achieved the status of technology leader in certain confined technology domains. It is absolutely possible, if not to be expected, that China will expand the number of technology domains in which it is a leader by 2035," he said.

"China has a history of infecting the world and they have a history of running substandard laboratories," he told ABC News. "These aren't the first times that we have had the world exposed to viruses as a result of failures from a Chinese lab."

"China has entered into a new era, and I'd like to say, in the new era, there is something continuous from the past: China will continue to deepen the reform, and the reform will always be on the road," he said.

"China is one of the most, if not the most, important markets for us. Even though cognac only accounts for a tiny fraction of the market here, the penetration rate is the highest," he said.

"China is one of the world's leading markets for technological innovation, digital transformation and industrial internet of things development," said Gaven Chai, president of Honeywell Safety and Productivity Solutions China.