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"Cutting overcapacity has led to a rebalance of coal supply and demand. Oversupplies had haunted the industry throughout 2012 to 2015," he said.
"Even if you're not following Chinese innovation closely, Chinese innovators may come and knock on your door anywhere you are in the world and indeed lift the level of competition," Vijay Vaitheeswaran, an award-winning senior correspondent for The Economist, said at the event.
"External factors will also help, such as US Federal Reserve's patience on future rate increases and signs of mitigating trade conflicts."
"Developing countries, however, find it hard to inject liquidity into their systems, and they can borrow only from outside," Jin said.
"Engagement can lead to greater understanding and greater understanding can lead to further engagement... understanding each other makes life better and makes it easier to collaborate," Wilcox noted.
