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"Further escalation would be counterproductive. It would simply ensure an economic cold war between the US and China, at least until January 2021 and perhaps much longer," he said. "This would be a 'lose, lose, lose' proposition."

"Foreign bank clients engaged in trading and investment in China are expected to receive better financial services as control loosens, which will further promote economic ties between China and the rest of the world," said Ding.

"For power systems business, we have seen some reduction or postponement of orders, and shortage in supply in some parts of the world, but we are already beginning to see strong and stable recovery, especially in China, where the air travel market is gradually recovering," said Julian MacCormac, country director of Rolls-Royce in China.

"For governments around the world, the challenge is to maximize the benefits from these technologies, including continuing to invest heavily in the development of world-class AI skills, while mitigating the costs to displaced workers through retraining programs and a stronger social safety net, funded from the proceeds of increased economic growth. Only in this way can the potential benefits from AI and related technologies be spread as widely as possible across society." Hawksworth said.

"Free trade arrangements, including the Regional Comprehensive Economic Partnership, the China-Association of Southeast Asian Nations Free Trade Agreement and China-Australia FTA, will also offer new growth opportunities for China COSCO Shipping's container cargo services in the Asia-Pacific region," Wan said.