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"Conflicts usually won't last long. … We have different systems, values, cultures, but one thing is that we all live economic lives－that is the thing that ties us together and that is why trade can tie us all together," said Goh.

"Connectivity will represent a big portion of our growth over the next several years," he said.

"China's economy maintained its trend of steady development in April," NBS spokesperson Liu Aihua said.

"Currently, there are still some financial institutions from Asia, Europe and the Americas doing market research in China. Some have made clear their business expansion plans in the country, and some have submitted their initial applications for the establishment of financial institutions in China. We estimate that a growing number of foreign institutions will take part in Chinese financial markets over a period of time in the future, and they will become an effective strength for high-quality development of the domestic financial sector," the spokesman said.

"Chinese big data companies are continuously improving their users' information protection systems," Shen said, adding that tech companies should build firewalls internally to isolate direct links between user data collection departments and other operating departments.