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"Enterprises have made constant strides in improving their technological innovation capabilities that have become the fundamental driving force for sustainable development in China," Miao added.

"Every year, more than 90 percent of families had someone who got malaria. If a family member gets the disease, they have to go directly to a health clinic at the hospital. Families had to pay around 40 percent of their annual income for this healthcare. It was a fortune," he said.

"Economists nearly unanimously agree that tariffs have negative economic effects, and this has been observed time and time again when countries impose tariffs," said Erica York, an analyst with the Center for Federal Tax Policy at the US Tax Foundation, who wrote the report titled "The Impact of Enacting President Trump's Tariffs".

"Especially against economic uncertainties, a strong and unique brand proposition will give companies unparalleled pricing power. This would put them in an advantageous position even amid trade disputes," Deng said.

"Despite the crackdown from the US government, Huawei manages most of its business going on as normal,"Liang Hua, chairman of Huawei, said.