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"But there are some states that are different. There are some states that don't have much of a problem," Trump said.

"China is leading the world in terms of new and fast-growing tech companies and that's exciting," he said. "The amount of capital being invested into startups is unprecedented and there's no indication that's going to change anytime soon.

"But the US' strong growth may not be sustainable," he said. "It cannot escape the economic cycle."

"China is promoting deep-level services trade reforms, high-level opening up, and all-around innovation, which is good not only for Chinese companies but also for foreign companies that eye the Chinese market," Qiao said. "The development prospects for us are very promising."

"CIIE is a moment where all eyes of the world will be on China, and this could be a great moment to have important announcements followed by actions to show its willingness to open the market," he said.