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Dai, a sophomore at Minerva Schools at KGI, believes that it is feasible to fuel sustainable development by offering young people an opportunity to produce sustainable businesses, adding that they would give priority to prototypes that could solve China's sustainability challenges.

DHHI will continuously consolidate the advantages of its traditional products and accelerate the R&D of intelligent, environmentally friendly, energy-saving new technologies and products, Cong added.

David Gosset, founder of the China-Europe Forum (left) welcomes Ettore Greco, executive vice-president of Istituto Affair Internazionali (IAI), Italy, at International Forum for Open Global Economy in Osaka, Japan, on Tuesday. Zou Hong/China Daily

Daniel Ikenson, director of the Cato Institute's Center for Trade Policy Studies in Washington, said on social media: "The Chinese did not devalue their currency. The yuan has been depreciating because of the tariffs and it is no longer tenable for China to continue to prop up the yuan. There is no manipulation."

Deborah Lehr, who was a lead negotiator for China's WTO accession at the Office of the US Trade Representative and former director of Asian Affairs at the US National Security Council, said whether the US would drop the investigation will depend on the progress made by the two sides over the next six months.