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"CGCC-LA will continue to help bridge exchanges and collaboration between Chinese and US companies," he said.

"But still, bilateral trade has been growing so fast. It has benefited both countries. As people do more bilateral trade and investment with each other and there is more and closer contact between each other, competition will also increase. This is just a fact," he said.

"Certain industries still have a high barrier for entry, and some government officials have transferred their functions to related institutions," Lin said. "Some agencies have been using their administrative resources to set up new barriers (for market entry) and charge a high fee."

"China is one of the most important markets for us. Although this market only accounts for about 5 to 6 percent of our sales today, there is a lot of potential for growth as Chinese consumers are becoming increasingly adventurous when it comes to fashion."

"China demands that the US keep its promises, rectify its wrongs, refrain from implementing relevant clauses of the bill and stop seeking any official contacts, military ties or arms sales with Taiwan, so as to avoid doing serious harm to the China-US relationship, the ties between the two countries' militaries and the peace and stability across the Taiwan Strait," Wu said.