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"GAC Group is an important partner in the Didi auto alliance. The agreement is an extension of our long-term collaboration," said Cheng Wei, founder and CEO of Didi, adding the company is committed to building an open, inclusive, mutually beneficial mobile ecosystem.

"Firstly, The New York Times should have known that releasing such a report would only add to evidence that it was fabricating fake news," she said.

"For many years, world trade was a rule-based process; the rules were certainly imperfect and changing from time to time," said Karp. "It seems to me Trump has kind of departed from that approach. The outcome is it's not something that any people can predict."

"For US semiconductor companies, who today are the world leaders in chip design, that revenue is super important because roughly a fifth of US semiconductor revenue is reinvested back into research and development that totals billion annually," he said.

"From a long-term view, China is building the 'smart' highway for autonomous driving and intelligent collaboration vehicles and roads. Also, the nation aims to gain a lead globally in the field," he said.