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"China hopes the two countries will strengthen communication and dialogue and expand their cooperation, which will benefit world peace and development as well as unite the international community to jointly tackle common challenges," Foreign Ministry spokeswoman Hua Chunying said in Beijing.

"China is a big retail country, whose strong purchasing power is hidden in lower-tier cities," said Zhang Xun, managing director of Accenture Strategy in China, adding the growth of retail sales in third-tier cities and below reached about 15 percent in 2017, compared with 7 percent in first-tier cities.

"By setting up overseas factories, we can familiarize ourselves with foreign markets, offering job opportunities there and contributing to the world's economy," said Xu Teji, vice president of the chamber of commerce in Jinjiang.

"China as a country is a quick adapter of new tech, so companies that might struggle to create a market in the US have an opportunity to get quicker market acceptance in China," he said.

"By creating a business and innovation-friendly climate, Guangzhou is attracting advanced economic elements," said Ni Pengfei, director of the City Competitiveness Research Center at the Chinese Academy of Social Sciences. "Guangzhou's influence and international popularity are increasing tremendously."