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"For startup companies, the costs and talent pool are the two key factors. Before we settled down in Suzhou, I had studied a number of other cities, but only Suzhou can provide the ideal entrepreneurship environment and affordable operating costs. The many policies to attract experts and industry leaders are also crucial to companies in their early days," he said.

"Full approval for the general population, where people can go to CVS and get a shot, that's really a 2021 event," Gottlieb said. "Maybe the first quarter of 2021, probably more likely the first half.

"Ford is not behind on the technology," Sherif Marakby, the head of the company's electric vehicle program, said in an interview. "What's important is that this team makes sure to create a viable and profitable business. Our absolute goal is profitability."

"Given the risk of a second wave (of infections), I would expect governments to continue to monitor the situation and maintain a cautious approach to easing restrictions," she said.

"From the central government to different levels of local governments, and to industry, people are very keen to develop China's own innovative drugs."