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"From the data, we can clearly see a promising future and we believe we can turn our ecological resources into an economic advantage," he added.

"From human body X-rays to telemedicine and medical imaging, we are on the brink of entering a new age of artificial intelligence," said Mou Xiaoyong, president of United Imaging Healthcare.

"Fundamentals of China's long-term economic development and its competitive advantage in attracting foreign capital have not changed," said Zong, adding that most of the multinational firms are confident about prospects in the country and have not altered their investment strategy.

"Fortunately, before the trade tensions escalated, we had already made decisions," Fleet said. In early 2017, Ford announced that it would start localizing production of Lincoln models in China, starting with a small SUV from the end of 2019.

"Greater clusters for companies and a more integrated development of AI technologies among the local industries are key for China to reduce the effect of the trade barriers imposed by the United States," said Liu Gang, chief economist at the China Institute of Next Generation Artificial Intelligence with Nankai University.