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Caroline Wilson, the new ambassador to China from the United Kingdom, embarked on a three-day visit to Wuhan, Hubei province, on Sunday. [Photo provided to chinadaily.com.cn]

Cao, a 54-year old housewife, was no different from the rest of her peers in Wangjiayan village of Tianzhen county, a poverty-stricken area in Shanxi province. But Cao took the momentous decision to free herself and her family from the shackles of poverty by becoming a home-care service provider in Beijing.

Chang Ka Mun, managing director of Li & Fung Development (China) Ltd and Fung Business Intelligence under the Fung Group, a Hong Kong-based conglomerate, said, "At this stage, sentiment in the global market has been badly affected (by the China-US trade conflict)."

Carlos Brito, chief executive officer of AB InBev, said China is currently considered to be not only the largest consumer of alcohol beverages in the world but also set to become the world's largest beer market by this year-end.

Charlie Dai, principal analyst at market research company Forrester, said: "The US government's bans leave Huawei no choice but to accelerate research and development to build an open tech ecosystem of its own, from hardware to software for smartphones. It's a tough journey, but Huawei must go through it to survive and thrive."