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"Chinese companies have become very active investors in US startups in recent years," Xiang said. "Meanwhile, China's tech products and services, such as Huawei's smartphones, are of good quality. It is different from trade behavior such as dumping uncompetitive products. Such restrictions lessen consumers' choices when purchasing goods."

"China remains a critical market for European companies, dispelling the notion of economic decoupling," said Mats Harborn, president of the chamber.

"Chinese had to learn nuclear knowledge from abroad back in the 1950s, and then we were able to make our own findings and developed our own technologies," Zhang said.

"Companies solely trading imported cars that have a small market share will have the impulse to lower the price first, in an aim for a bigger volume," said the expert.

"City and rural commercial banks are targeting smaller clients with higher risks. Their level of comprehensive management is weaker than that of large banks, and they did not make accurate asset classification in the past based on risk exposure," Zhang Naixin, deputy director of bank ratings at China Chengxin International Credit Rating Co, said in an online conference on Thursday.