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"China's commitment to reducing its reliance on coal will change lives and improve the environment, and that is why we are investing in a project aligned with that ambitious plan," Jin said in a statement.

"China strongly condemns and firmly opposes the US tariff proposals and is ready to take reciprocal measures on US products," the Ministry of Commerce said in Beijing shortly after the US announcement.

"Cross-border e-commerce can be an ideal way for foreign companies to debut in China thanks to easier access, lower costs and reduced time for market entrance," said Zhang Tianbing, Deloitte Asia-Pacific consumer products and retail industry leader.

"Civil diplomacy is facing challenges during the pandemic, but there are also new opportunities as the Chinese government is aiming to be more open on more levels," he said, adding his organization will continue to promote civil diplomacy and globalization to eliminate cultural barriers and let the world know more about China and vice versa.

"Chinese technology companies have changed the employment situation in the country by creating new jobs. For example, JD Finance hired a number of data scientists, risk control experts, and engineers," said Meng Zhaoli, dean of JD Fintech Institute.