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The expo is not just a major step taken by China to deepen its reform and opening-up, said Zhang Ting, spokeswoman of Panasonic's Chinese branch.

Chan, the Singaporean minister, also said at the forum that as a key global trading and financing hub, Singapore could be a launch-pad for Chinese companies to venture into third-party markets, especially in Southeast Asia.

"Protectionist trade policies can cause a chain reaction as more countries adopt similar measures," he warned, stressing that "We need to continue to support trade reforms that can deliver a greater shared prosperity."

Wang said that China-U.S. cooperation leads to win-win results while conflict ends up with a loss for both sides and will directly affect world development and stability.

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