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"For governments, cooperation will reduce the burden of maintenance, and increase supply efficiency of public products and services. This happens by introducing advanced technology," he added.

"Good connectivity is a hugely important factor facilitating growth in international trade. We believe that much of China's experience in terms of improving connectivity can be replicated elsewhere, to the benefit of trade, companies and local economies," said Jens Eskelund, vice chairman of European Chamber of Commerce in China and managing director of Maersk China Limited.

"For BiTMICRO, targeting its competitors will not resolve its difficulties on sales and the company should be aware that the rapid growth of the flows of technology, information, data, know-how and knowledge has existed for long time within and across borders, thanks to the power of globalization," said Cheng.

"Google, Microsoft, and Walmart ... are more difficult to kill," he said.

"For many very good high-tech American companies, they're increasing their investment or their operation in China. Companies like Tesla are a good example because they see the market potential. They want to be part of China's economic growth. They want to contribute to it and they certainly want to benefit from it. So we welcome them all and will create a much better environment for foreign investment, better rule of law, etc.," he said.