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"Change starts locally. Even global changes start small - with people like us. In our generation, the struggle of whether we connect more, whether we achieve our biggest opportunities, comes down to this - your ability to build communities and create a world where every single person has a sense of purpose," he added.

"Canada, Mexico, the EU and China have already retaliated — or announced plans to retaliate — with billions of dollars in tariffs on US-made products," the US Chamber said, adding that approximately billion worth of US exports will be subject to retaliatory tariffs as of this week.

"China is seeing a consumption upgrade as consumers are restructuring purchasing behavior and lifestyle," Zhao said.

"China has great potential in the consumer genomics testing sector. Compared with that of some developed countries, the market is still in its infancy in the nation," said Danny Yeung, co-founder and CEO of CircleDNA, a Chinese consumer genomics testing startup.

"China Mobile will leverage artificial intelligence, the internet of things and cloud computing to integrate with 5G to create a well-rounded network, so that more applications can be offered," he added.