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"By threatening to impose a 10 percent tariff on an additional 0 billion of imports from China, the US President Trump has upped the ante on the trade conflict between the two," Oxford Economics said in a research briefing.

"China has advantages in clean energy technology and production," Wen said. "The Belt and Road Initiative encourages domestic businesses to explore opportunities abroad."

"CMG is open to share its Port-Park-City model experience, the PPC model, which it gained in the 40 years of development of Shenzhen. Djibouti is our top priority based on mutual trust. I'm confident that the Port-Park-City model will be successful in Djibouti," he said.

"China is willing to share growth opportunities with the rest of the world. Honeywell has invested heavily in China, and we are picking winners," he said.

"CASME used to be a grassroots association seldom participating in international activities. However, since the first half of last year, especially since May this year when the Belt and Road Forum for International Cooperation was held, more associations like CASME in countries such as United States, Russia and Singapore have contacted us for cooperation," said Ren Xinglei, senior vice-chairman of CASME, in Beijing Thursday.