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As for the trade spat between the US and China, Sheets of Blue Ridge said that he's generally supportive of Trump's moves, but he added: "I hope our industry doesn't just become a friendly casualty in this dispute. That's my one fear – we will lose some jobs and companies, and in the end nothing has changed (regarding trade)."

As an important indicator of innovative capability, Guangdong's research and development spending accounted for 2.65 percent of the provincial GDP in 2017, up 0.09 percentage point year-on-year.

As a result, the US exporters "are put at a major disadvantage" because their competitors in Europe, Japan and South Korea can continue to ship to China with no restrictions, he said.

As a Chinese who has lived overseas for more than 50 years, Huang said he has "seen the power of the Chinese nation facing a crisis".

As at February this year, 156 Chinese companies were listed on US bourses and had a total market capitalization of .2 trillion, according to the US-China Economic and Security Review Commission.