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"China's countermeasures do not intend to purely pursue equivalence in the same amount as the US tariff rates. The latest four-level tariff rates have much more flexibility," said Gao Lingyun, a researcher of Institute of World Economics and Policies at the Chinese Academy of Social Sciences.

"Crossover branding also has become another hot term for many sectors. Brand collaboration arouses consumers' curiosity, giving them a new reason to spend. It usually generates unexpected market feedback. Their brand image can not only be promoted but also be used to boost sales," Chen said.

"China's rapid advancements in digital economy and local companies' readiness to embrace cutting-edge internet, artificial intelligence, big data and cloud technologies will help expedite industrial upgrading," Qin added.

"Chinese companies should consider data accuracy, the richness of data platforms, customer-based independency as well as privacy and security as critical elements when they promote their apps abroad," said Oren Kaniel, co-founder and CEO of AppsFlyer, a mobile marketing platform.

"China's level of investment attraction, the effectiveness of pandemic control, and organizing events like this (the CIIE)…all serve as a protection to investors," said Zhang.