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Another 5 billion yuan of investment will also be put in to support the development of the movie industry of the metropolis. Film works entering the metropolis will receive 20 to 40 percent of production fees as subsidies.

Anonymous sources told the South Florida Business Journal that Amazon employees affiliated with the HQ2 search returned to Miami in recent weeks.

Apart from signing a number of business contracts with China's SOEs such as China National Chemical Corp and China Eastern Airlines during the third CIIE, Honeywell International Inc, a US-based industrial conglomerate, is planning to either expand production lines or better optimize resources of its 21 plants in China, in order to enhance productivity and serve customers in a more efficient manner, said Scott Zhang, president of Honeywell China.

Apart from telecommuting, distant education is another focus for IT companies. iTutorGroup, the smart education arm of Ping An Insurance (Group) Co Ltd, opened its online study platform for free. The platform enables students across China to learn effectively at home.

Another major, long-term unintended consequence, Sicina said, is that “foreign investment in the US will also be disrupted because of the tariffs”.