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"Companies that only focus on profits will neglect product's quality and lack the spirit to pursue perfection," said Ling. "The art museum is a strategic way for our company to establish public recognition and improve customer experiences," said Ling.

"Crawfish has become one of the most sought-after and highly recognized summer foods in the country. Continuously launched new flavors in the market further stimulated the demand from consumers. They helped to enlarge consumer group scales, and raise the average spending and eating frequency," said Neil Wang, president of consultancy Frost & Sullivan in China.

"China's increasing demand for gold jewelry is due to consumers' rising needs and falling demand for gold bars and coins due to the decreasing investment needs."

"Companies that have business relations with the US have already felt the shock," said Li Jianwei, chairman of Hangzhou Euroluck Import and Export Co, a cloth and textile trader. Li said orders started falling from the second half of 2018 on fears of punitive tariffs, though textile was not included in the additional tariff list then.

"Compulsory technology transfers are explicitly banned, while we encourage the exchanges of knowledge and technology," he said, denying that China forces foreign companies to transfer their technology prior to investing in China.