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"For China, the core issue under the shadow of the Sino-US trade skirmish is solving our own problems at home. China's economic development will not be stymied, which comes on the premise that we stick to and press ahead with the path of opening markets and other reforms that has lifted growth," Guo said.

"Free trade is not a rejection of fair trade," Li said. "Without free trade, there is no fair trade; while without fair trade, free trade will not gain sustainable development."

"Guangdong comes first in terms of both the incidence and the clearance rate of counterfeiting cases in the country," Wu said.

"For example, we would like to sign long term LNG contract, but no one is signing any contract in this environment. We are already impacted. If we don't sign a contract with China, we will see depressed prices in the US," he said.

"For startup companies, the costs and talent pool are the two key factors. Before we settled down in Suzhou, I had studied a number of other cities, but only Suzhou can provide the ideal entrepreneurship environment and affordable operating costs. The many policies to attract experts and industry leaders are also crucial to companies in their early days," he said.