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"China has further reduced restrictions on market access by foreign investors and now allows foreign investment throughout China in sectors where it was previously permitted only in pilot free trade zones," said Paul McKenzie, managing partner of Morrison & Foerster's Beijing office. "Strong headwinds will likely continue at least until the US-China trade relationship improves. Perhaps a more dramatic set of further amendments to the negative list will come out of the current trade talks," McKenzie said.

"China is a member of the international community and is ready and willing to extend our support within our ability; our support is in the framework of the South-South cooperation.

"China does not have significant domestic production," Kornbluth said.

"China is an important market for Qualcomm and we have a number of important partnerships and relations here in China," he said.

"China has always been a pivotal market for us. We look forward to bringing our well-established global leasing services and platform to China to reinvigorate our presence in the market and help drive the growth of its quickly accelerating aviation sector," said Peter Chang, CEO of CDB Aviation, which is now based in Ireland and whose main line of business is global aviation leasing.