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"China urges the US to respect the authority of the multilateral trading system and revoke the decision as soon as possible,"

"Chinese tech companies have a very big market in China, but the European market is very segmented and differentiated, and the customers are sophisticated," said M?ller-Hergt, adding they connect IT vendors in China who are eager to sell their products and services overseas with European resellers.

"China's economic recovery can benefit the rest of the world and is necessary for the country's further development," he said.

"China's financial assistance addresses the all-around challenges such as poverty, disease prevention, limited trade and investment channels, weak infrastructure and industrial foundation to many developing countries and regions today," said Xing Houyuan, a member of the expert committee of the Beijing-based China Council for the Promotion of International Trade.

"Currently governments are poorly equipped to manage agreements under public-private partnerships or unsolicited bids. We plan to train personnel working under relevant agencies who will then create public awareness and increase buy-in and participation from the public," Phiri said.