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"China has ample foreign exchange reserves and relatively large room for policy controls. China is capable and confident in coping with all sorts of challenges," said Wang Chunying, spokesperson for the State Administration of Foreign Exchange, at a press conference Thursday.

"But so far, we have not seen a framework that is adaptable to all scenarios, across all devices, edges, and cloud environments, and that provides on-demand cooperation between them. That is why we launched the MindSpore AI framework," Xu said.

"China has to compromise in some areas, the US will have to compromise on others. What the EU and to some extent Japan are trying to do for the moment is talk to the US, talk to China, so at the end of the day everybody is around the same table."

"China is one of our most important strategic markets and we aim to provide Chinese consumers with the most innovative mobile experience. Artificial intelligence has become the new growth point pushing China's development, so we hope to launch AI-enabled smartphones and products," said Kwon Gyehyun, president of Samsung Electronics China operations.

"China is always open toward addressing the concerns of the US side via dialogue and cooperation," the commission said.