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Wang said 24,000 new businesses were registered in the FTZ over the past year, meaning 68 companies were set up on average every day. Total registered capital reached 362 billion yuan.

Bowman, leading a business delegation to Shenzhen, Hong Kong, Shanghai and Beijing, recently visited Xiongan New Area, a new economic zone in what is now part of north China's Hebei Province which is some 100 km southwest of Beijing.

Many others agree. Donald Straszheim, senior managing director and head of Evercore ISI's China Research Team, said both governments should be aware that a trade war is a lose-lose option.

It also said it is ready to work with China to consolidate and expand the win-win cooperation, and properly settle disputes with mutual respect so as to propel bilateral ties.

"The goals originate from 5,000 years of tradition that the Chinese nation sees the world as equally shared by all, from China's diplomatic values with peace at the core, and from the CPC world view that well-being of people from all countries is intertwined," Wang said.