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"China will find other countries, replacing the US, to export goods, and the strategic adjustment is on the right path," he said.

"China was our fastest-growing export market," said Comfort. "We've worked on building those relationships for two decades. Now all of that time is basically a loss."

"China's pesticide industry is riddled with low profitability and only global scale can improve that."

"China's stance on trade war has been consistent and clear. We do not want, but is not afraid of a trade war.

"China will become increasingly open, transparent and predictable to foreign investment, and its overall trade investment will be better and better," Li said.