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"Global investors are increasingly looking towards Europe," said Michael Collins, CEO of Invest Europe.

"Had it not made and largely abided by the commitments it gave to the WTO in 2001, it could never have become the dynamic, globally interconnected economy it is today," Armstrong added.

"Government, companies and industries should enhance communication and coordination to promote effective interdepartmental cooperation to combat cybercrimes, in order to form an online and offline integration pattern," said Zhang Feng, chief engineer of the Ministry of Industry and Information Technology.

"For the next step to consolidate the integrated development, the existing connection channels will face a bottleneck, which needs more bold and specific innovation and breakthrough," said Xing Yujing, head of the PBOC Shenzhen Branch.

"For a country boasting a free economy, the Trump administration's recent move is unimaginable and will severely damage US companies' businesses in China," Wei Jianguo, vice-chairman of the China Center for International Economic Exchanges, said in an exclusive interview with China Daily. Wei is a former vice-minister of commerce.