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"China has fully opened up its manufacturing sector, and the level of opening-up in services, including the financial sector, is being stepped up," he said.

"But, to be clear, we do not see a recession in the near term. In fact, we expect some pickup in growth in the second half of 2019 and into 2020," she said, adding that the growth is set to benefit from the now more-patient pace of monetary normalization by major central banks led by the US Federal Reserve and "from increased stimulus, in China for example".

"China is the largest exporting country of crude drugs. In the short term, the total orders might go down, but in the long term, the impact will be transferred to the local pharmaceutical companies in the US," said Shi Lichen, an industry analyst and the founder of a third-party medical services platform.

"China is willing to work with the US to build a robust, stable and healthy trade and economic relationship," she said, "and we believe this conforms to the interests of both countries and their people, as well as global expectations."

"But there might have been a time where their physicality could no longer be sustained."