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"But look, at the end of the day, if someone's going to try to threaten something that is existential, you go to the mat and you fight."

"China has a population of 1.4 billion, of which 400 million are considered as middle-income, which means there's a huge domestic consumer market with rapid growth potential," he said. Therefore, he added, China's foreign trade partners and investors have attached more importance to the Chinese market.

"China has a huge market and we should explore," Zin told Xinhua.

"China is already the largest market for electrified vehicles, and the gap between China and Europe and especially the United States will increase in the next years," said Continental Chairman and CEO Elmar Degenhart.

"China has attached great importance to 5G development," said Cheng Lixin, CEO of ZTE Mobile Devices. "And we are speeding up our development this year, accelerating steps to gain a lead in the race toward commercializing the next-generation communication technology."