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"Despite trade barriers that frustrate full market access, US exports to China continue to contribute to US economic growth," said John Frisbie, president of USCBC, which represents more than 200 US companies doing business in China.

"Elimination of outdated capacity has helped boost the overall quality of steel produced and helped balance the market demand and supply," Yu said, adding that the oversupply problem in the industry has almost been solved.

"Diagnoses and treatments have historically mainly been developed in the West," Barber said. "It makes sense to therefore invest in opportunities that can improve diagnosis and treatment of disease for an Asian population and I think investors see huge opportunities in this space."

"Educational institutes, as a key component of the education industry chain, can use AI to improve efficiency and reduce cost," said Yu Min, president of Chinese online education startup SanHao, during the Global Education Summit, held by the TAL Education Group, in Beijing.

"Exposing applicants with improper applications is not only a response to public concerns, but also a threat to those ready to apply for similar trademarks," Li said, while adding that trademarks registered before the outbreak should be excluded from the crackdown.