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"China calls on the US to treat Chinese companies in an objective and fair manner," Geng said in the statement, adding that the country will firmly defend the legitimate interests of Chinese enterprises.

"COVID-19 has had a profound influence on the economy and significantly propelled investment into China's healthcare sector," said Jiang Fei, managing director of Hongtai Aplus.

"Canada, Mexico, the EU and China have already retaliated — or announced plans to retaliate — with billions of dollars in tariffs on US-made products," the US Chamber said, adding that approximately billion worth of US exports will be subject to retaliatory tariffs as of this week.

"China has set an example for the world in wildlife protection and shown the determination of a responsible stakeholder on the global stage," said Dr. Sun Quanhui, science officer of World Animal Protection, a United Nations general consultative organization.

"China is expected to become the largest 5G market in the future, and is playing an increasingly important role in the globalized development of Qualcomm," said Qualcomm China Chairman Meng Pu.