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"China and the US share several common interests. Economic and trade cooperation is important for the development of both countries, and so promoting pragmatic cooperation will benefit both the Chinese and American people," said Wang Weizhong, Shenzhen Party secretary.

"China is sharpening its focus on environmental protection and improved productivity through automation. This offers a unique opportunity for us, " Ko said in a recent interview.

"China is an important market for many companies and they will likely want to maintain a presence there," said Khatiwada.

"China has endeavored to liberalize and facilitate trade and investment, safeguarded the dispute settlement mechanism, fully participated in trade policy review, and vigorously supported the integration of developing members into the multilateral trading system," Wang said.

"China is determined to make 5G a top priority on its national agenda, striving to take a leadership role in the global landscape," said Steve Lo, the managing partner of EY's greater China Technology, Media & Telecommunications division. "It is also pressing for participation in the formulation of the international 5G standard to make China one of the main players."