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"Chinese authorities at all levels have rolled out measures to help travel businesses recover their operations," Dai said.

"China's exports saw challenges with the rise of trade protectionism," Ren added. "The economy also felt the pinch from a tightening of liquidity conditions during financial deleveraging. While this has reduced credit risk, it has also increased financing difficulties for private enterprises."

"Chinese providers are expected to differentiate themselves from apps in those emerging markets to succeed. Newcomers should also avoid countries and regions that are already dominated by others who reached there earlier," Dai said in an earlier interview.

"Could there be a shut down? There certainly could and it will be about border security, of which the wall is a part," Trump told reporters in Palm Beach, Florida.

"China's adjustment on additional tariffs is a response to US unilateralism and protectionism," the Ministry of Finance said. "China hopes the US will get back to the right track of bilateral trade and economic consultations and meet with China halfway."