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"Cybersecurity is not only related to the internet but now involves national security, social security, infrastructure security and even personal safety," said Zhou Hongyi, chairman and CEO of the 360 Security Technology Inc. "In the future, there will be hundreds of billions of smart devices in various fields, and we will face unprecedented security challenges."

"Despite the decline, consumers continue to view current conditions quite favorably, Lynn Franco, senior director of economic indicators at the Conference Board, said in a statement.

"Expanding imports is an inevitable requirement for the balanced development of foreign trade," Wang added. "A comparative competitive edge is the foundation of international trade and the origin of benefits from international trade. Overemphasizing on exports may guarantee increased foreign exchange reserves, but it doesn't mean a better life and prosperity for ordinary people."

"Digitalization has pushed most of the German companies to their limits and hence they have to open up," said Lin.

"Disregarding strong representations by China, the United States announced the tariff proposals that are completely unfounded, a typical unilateralist and protectionist practice that China strongly condemns and firmly opposes," according to the statement.