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"China has become the largest trade partner for 25 of these countries," he said at a press conference.

"China and the United States are the two largest economies in the world … managing their relations effectively, instead of pointing fingers and exerting pressure on one another, is of great concern to everyone," he said.

"China is the best place to learn how to be agile, how to be fast, how to be market focused, so we think we bring global know-how, global innovation with the willingness to invest in local Chinese capabilities and stay relevant," said Wyant.

"Carmakers are accelerating the push for making a major foray into connected and intelligent cars. With advantages in areas like 5G technologies, in-vehicle computing platforms and cloud services, Huawei will be an enabler that helps carmakers to offer next-generation smart products."

"China offered a model of recovery, stabilization and then growth," David Weinberg, CEO of Skechers USA Inc, told analysts on an earning call. Overall, the sneaker company's quarterly sales dropped 42 percent from a year earlier but were bolstered in part by 11.5 percent growth in China.