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"Economic history clearly shows that trade wars not only hurt global growth, but they are also unwinnable," said Lagarde.

"Don't rush – go there, do your due diligence, meet with lots of potential partners, trust your gut instinct, and take time doing this," Jackson said. "It takes time and commitment in my experience. In the West there is an expectation to do things quickly. In China, it comes down to trust and understanding."

"Everything he is complaining about was achieved. Everything he talked about was done," Azar said on the White House lawn before President Donald Trump left for a trip to a medical-equipment distributor in Pennsylvania.

"Economic ties and political relations are related. You need to have a good atmosphere to engage with each other," Liu said while adding that Chinese businesses have expressed concern about investment risks and security issues in the wake of the UK banning Huawei from participating in its 5G networks.

"Every Spring Festival I go back to my hometown in Binxian county with my wife and daughter," he said. "We travel by bus for an hour and a half - more than 100-kilometers of road - from Harbin to the county. Sometimes the road will be closed because of heavy snow in the winter, which is inconvenient for those in a hurry to get home. The trains will change that greatly."