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"Despite their flag-bearer status in leading some of the best digital practices, the lion's share of users for Alibaba and Tencent are still in China. That means Chinese firms are temporarily ruled out of the possibility of launching a digital currency of similar global influence," said Guo Yuhang, chairman of Starwin Capital and head of the China Blockchain Application Center, a nonprofit organization.

"Diaz-Canel has a rich political career aligned with the generation born after the triumph of 1959 and has been growing with the revolution since he became a student leader," said Gisela Duarte, president of the NCC.

"Despite the near-term frictions, they are committed to being here and selling to the China market. Our companies are in China to serve China, so I think participation in this conference (CIIE) really underscores that point," Margulies said.

"Emerging markets are hungry for trade opportunities, infrastructure improvement, appliances and electronics," said Han Guomin, chairman of COSCO Shipping Specialized Carriers.

"Debt-to-equity programs work well for companies that are facing short-term obstacles but are expected to see profits in the future," said Xu Gao, chief economist with China Everbright Securities. "The key is to ensure the programs can be implemented using legal means and with high transparency."