Soundbites

China needs to improve relevant regulations and policies to better cope with the trade protectionism initiated by the United States, especially regulations dealing with bilateral trade and intellectual property protection for technology exports. The country should take the lead in promoting globalization, advance the Belt and Road Initiative and further strengthen cooperation with the European Union.

Xia Youfu, executive director of the strategy center for China's Open Economy and International Technology Cooperation at the University of International Business and Economics

The US not only intends to initiate a trade war, but also an investment war. Chinese companies looking to invest in the US should consider establishing joint ventures with local partners, rather than setting up wholly-owned subsidiaries. Before entering the industries that the US has labeled as "sensitive", Chinese investors should carefully study local laws and regulations. When facing potential investment protectionism, relevant parties should seek a negotiated settlement first, then arbitration or litigation. Tough ways of resolution like investment wars should be avoided.