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"By imposing additional tariffs on the Chinese products, the United States is actually damaging the world's industrial chains, and other countries involved will also suffer," said Wang.

"China is changing at a very fast rate. There are a lot of new opportunities and new ideas that come out to do innovation, which is sometimes technology-driven, but it is sometimes business-model-driven. There is a lot of innovation," he says.

"But there is still a structural gap between China's service trade and other economies. The country's per-capita service trade is smaller than many countries."

"China has been an important engine for global growth in recent years," said Liang Haiming, dean of the Hainan University Belt and Road Research Institute.

"China is a key partner, from which we can say that 99 percent of the experiences have been very positive," he said.