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"By threatening to impose a 10 percent tariff on an additional 0 billion of imports from China, the US President Trump has upped the ante on the trade conflict between the two," Oxford Economics said in a research briefing.

"China has become a key player in the drafting and finalization of international railway standards," said Lu, who is also a deputy to the 13th National People's Congress.

"China is the world's largest consumer market. It is also the world's most diversified and inclusive market which gives platforms and opportunities to potential new brands like us. Chinese consumers chose products by its quality rather than how established in the market your company is," said Liu.

"China has made green finance a top priority and the impact of this effort is starting to be seen in China's transition to a low carbon economy," said Deborah Lehr, vice-chairman of the Paulson Institute.

"But what's happening in New York, a place I love — I love New York. Look at what's going on over there. The woman who was shot because she said, 'Could you please not light off firecrackers?' And they turned around and shot her eight times and she died. That's not our civilization, that's not about us," he told reporters.