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"China has indeed contributed to the global wage growth," said Su Zhongxing, dean for Human Resources Management at Renmin University of China. "China has a large labor population, and also its wage grew rapidly in recent years. These factors obviously helped the world's wage to rise."

"China notes that the 2020 Midterm Report drafted by the Panel of Experts of the Security Council 1718 Committee has been leaked to the media and caused unfounded media hypes. China expresses indignation and concern on this issue," the spokesperson for the Permanent Mission of China to the United Nations said.

"China is the most sophisticated IT market and the largest data producer in the world," said Sun Pishu, chairman and CEO of Inspur. "Our four decades of experience in building information infrastructure is of great value to other developing economies."

"China is speeding up the transformation from industrialization to informatization. Intangible assets such as patents, trademarks, copyrights, business secrets and software are playing an increasingly important role, so intellectually property protection has become more significant," he said.

"By serving such tech giants, Chinese chip companies have an unprecedented opportunity to grow into global players," Huang said, adding that the country now uses more than half of the world's semiconductors.