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"China's semiconductor display industry has taken large steps forward in the past decade, changing the display industry's global competitive landscape. China has transformed into the world's largest consumer market and manufacturing base for display terminals, with huge market potential," said BOE Vice-President Zhang Yu.

"China's leading position in those areas also makes the country a target for digital attacks," Zheng said.

"Chinese biotech firms are on the rise and are set to benefit patients in developed and developing countries alike," he added.

"Compared to road transport, the trains are much faster and can help save costs for the companies," said Zhang Haixia, chief operating officer with Xinjiang Hongyunda international freight transport agency.

"China's adjustment on additional tariffs is a response to US unilateralism and protectionism," the Ministry of Finance said. "China hopes the US will get back to the right track of bilateral trade and economic consultations and meet with China halfway."