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China has ambitious plans for urbanization, and elevators will play an important part, said Hiesinger, adding that this means a "tremendous growth market."

China can work with the international community and other relevant countries in enhancing hygiene standards and regulations, which will help guard against risks of infection in other African countries not affected by the epidemic so far.

China consumes about 40 percent of the world's semiconductors, most of which are assembled into products that are then exported to the West, Bingham said, noting that this is a good thing because it forces innovation on both sides of the ocean.

China has been proven successful and innovative in various sectors - online payments, the O2O (online-to-offline) segment and social networking.

China has become the world's second-largest economy and, although it still needs to catch up in competitiveness, it is quite capable of making the US pay a heavy price if the Trump administration is not just posturing and does begin to match its words with actions.