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"By further reducing the burden of manufacturing enterprises, it will help promote the investment and development of the sector, and thus form a benign cycle. Tax cuts and fee reduction are an important measure to help lower the costs and they will help manufacturing companies to raise their product qualities," said Liu Xiangdong, an associate researcher at the economic research department of the China Center for International Economic Exchanges.

"China expressed concern over the grave US trade protectionist tendency in steel products," Wang Hejun, head of China's Ministry of Commerce Trade Remedy and Investigation Bureau, said in a statement posted on the ministry's website.

"China has to compromise in some areas, the US will have to compromise on others. What the EU and to some extent Japan are trying to do for the moment is talk to the US, talk to China, so at the end of the day everybody is around the same table."

"China is the most happening place in the world for digital transformation, and also the most enthusiastic place for the rise and promotion of emerging technologies," Fu said. "The government has vowed to further open up and more policies will be introduced to support the digital economy and emerging technologies. I personally think that the environment is very good."

"China opened-up in 1978 and then established diplomatic relations with the US in 1979. We have been building the bridge for US-China economic cooperation since 1981. Although the US and China are going through some trade disputes, we believe it's only a short term problem," Huang said.