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"China is fast transforming into a knowledge economy, with high tech, healthcare, and consumer sectors growing extremely fast. We are confident that many cutting-edge technology firms from Europe will find a big market in China," said Sue Wang, the president's assistant at Beijing SkyoceanCombplus Technology, an accelerator.

"Canada has highly developed science and technology towards sustainable mining, a robust financial system and easily accessible legal, financial and intermediary services, all of which makes potential investors feel welcome and confident," said Senator Victor Oh.

"China is trying to remind the US of its unjustified conduct and urge it to make corrections so that the media exchanges between the two countries can be smooth and normal," Li said.

"By the standards of other countries, it (China's growth) is still very impressive," King said, adding that supply-side reforms and monetary and fiscal stimuli are expected to be stepped up over the next 12 months and partially offset impacts of the trade friction.

"But such a seemingly booming scene of 'luxuriant foliage' is, in fact, very dangerous, and it can be upended in an instant, because it is not supported by 'deep roots' under the ground," he said, referring to the lack of homegrown core technologies such as high-end chip manufacturing techniques.