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"China has said many times that it is never eager to take part in a trade war, but it is not afraid to participate if necessary. China will firmly defend its legitimate rights," he said, adding that the country will enhance cooperation with its global trading partners and firmly defend free trade principles and a multilateral trade mechanism.

"China needs advanced hardware to bolster its pledge to become an innovator and world leader in AI," Yin said. "Chinese companies' devotion to the R&D of chips is conducive to its indigenous development."

"China is already enormously influential in the world, but I think there's much, much more to come," said Perry at an award-giving ceremony at Chinese embassy in London on Monday.

"China has become a major market for US exports including high-tech goods, machineries, agricultural products and consumer goods. A trade war will definitely not be in the interest of the US," he said.

"Cars are extremely complicated products that are composed of some 10,000 parts and it is almost unavoidable for a few cars to be faulty," said Zhu Lei, BitAuto's chief technology officer.