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"China's new Foreign Investment Law, which has just been (approved), will greatly reassure European investors of the commitment of the Chinese government to further protect foreign investments in China," he said.

"Combined revenue of retail and dining in the seven-day Spring Festival holiday totaled 1 trillion yuan (3 billion) in 2019. During the same period of this year, the loss of Chinese dining business operators may reach 500 billion yuan," the report said.

"Compared with the existing line, the new railway boasts a faster speed and it will be akin to buses, bringing more convenience to passengers. After entering operation, it will greatly promote the coordinated development of the region," Kang said.

"Convenient payment services sound simple, but they can encourage immense spending growth," said Alexander Yin, chief financial officer at TGC, the parent company of ePassi, the Finnish payment terminal provider that works in partnership with Alipay.

"Customers (in China) are saying if the tariffs come in, we have to pay the 25 percent, and some are saying we will split it with you," Daugherty said. "We have stopped shipping to China. There is not enough of a margin to cover 25 percent or even 12.5 percent."