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"China is a developing country while the US is a post-industrialized country. A large part of their materials to make consumer goods and industrial products depends on imports," Zhou said, adding that tariffs will only leave the US with two choices—buying from China with a higher cost, or buying from other countries with uncertain quantity and quality.

"China has been continuously launching new measures on industries upgrading, providing powerful support for the multinationals developing in China," said Cai Hua, government affairs director of OSI Group's China office.

"China offered a model of recovery, stabilization and then growth," David Weinberg, CEO of Skechers USA Inc, told analysts on an earning call. Overall, the sneaker company's quarterly sales dropped 42 percent from a year earlier but were bolstered in part by 11.5 percent growth in China.

"China and the Philippines have more possibilities in the field of educational cooperation as they can complement each other. Holding such a forum is of great significance in promoting friendship between China and the Philippines, and bringing more benefits to the people of both countries as well," said Wang Yan, director from the Department of International Cooperation of the National Institute of Education Sciences.

"China has sufficient policy tools," said Pan, who is also director of the State Administration of Foreign Exchange, the country's foreign exchange regulator.