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"China is not the only one that wants to conclude a trade deal. The US wants it, too," Geng said at a regular news conference. "American people, especially consumers, strongly oppose the trade war and the additional tariffs on Chinese goods. Their voice speaks volumes."

"China highly values ecological and environmental protection," the president said. "Guided by the conviction that clear waters and lush mountains are invaluable assets, the country advocates harmonious co-existence between humans and nature, and sticks to the path of green and sustainable development."

"China continues to create an open, fair, just and non-discriminatory business environment, offering more opportunities to the world, thus helping stabilize the unsettled global economy amid the COVID-19 pandemic. This is a key factor for global companies to find the Chinese market attractive," said Quan Heng, secretary of the leading Party members' group at Shanghai Federation of Social Science Associations.

"By putting the funds into special accounts designated by the central bank, the payment firms can no longer earn interest on the reserved funds. Meanwhile their bargaining power with banks will be greatly affected," he said.

"China is going through the process from 'made in China' to 'intelligent manufacturing in China', and will finally enter the phase of 'created in China'. During the process, Kuka needs more efforts to increase its localization ratio," said Wen, adding that the localization will focus on R&D, sales, aftersales service and apps.