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"China has never succumbed to external pressure," he said, adding that the China-US economic relations are mutually beneficial and win-win, so it is in the interests of both countries and the world to maintain "healthy and stable economic relations."

"China is becoming increasingly an innovation leader, as opposed to just playing the role of catching up with other advanced economies," Fu said.

"China and the EU should join hands to cope with new changes in economic globalization by persisting in free trade and multilateralism as the focus," said Chi Fulin, president of the China Institute for Reform and Development.

"But millions of SMEs are under-served, whose demand for tailor-made communication services represents almost a 500-billion-yuan (.5 billion) market. That is what Alibaba is interested in," Yu said, adding it is not a competitor but complements telecom carriers' services.

"China Mobile will continue to promote the healthy development of VR ecosystem and promote VR to play a greater role in unlocking the new 5G consumption potential and fostering a new economic growth pole," Jian said.