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"Currently, we sell about 450,000 smartphones in China every day," Ren said in late March. "As the demand further recovers, monthly sales are expected to reach 20 million units later this year."

"Compulsory technology transfers are explicitly banned, while we encourage the exchanges of knowledge and technology," he said, ruling out that China forces foreign companies to transfer their technology when considering investments in China.

"Consequences for violating these sanctions will remain in place" until the final and fully verified denuclearization of the DPRK is achieved, said Treasury Secretary Steven Mnuchin.

"China's accelerating consumption as well as market opening-up will help the beauty market grow bigger and more sophisticated," said Lucia Zheng, CEO of Rosilolly. The company aims to be China's Ulta Beauty Inc, the largest beauty retailer in the United States, thanks to a large presence in small cities, targeted marketing to young women and a highly reliable member service.

"Chinese tech companies have a very big market in China, but the European market is very segmented and differentiated, and the customers are sophisticated," said M?ller-Hergt, adding they connect IT vendors in China who are eager to sell their products and services overseas with European resellers.