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"China has signed 18 regional trade agreements involving 64 trading partners. But many companies have said they haven't made full use of the FTAs simply because they do not understand whether their goods are eligible for preferential tax rates," said Shang Yuying, director of the Shanghai Commerce Commission.

"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 already a leader in e-commerce in many ways, especially in online payment that enables consumers in big cities to pay with mobile phones. Everything from supermarket shopping to utilities and taxi fares can be paid via an e-wallet," he said.

"China is transforming to a very powerful and prosperous country," he said, adding that the meeting is helpful for his party as well as his country.

"But we've been working to try and mitigate that by caring for our staff, indicating to them that we're talking to our government about making sure they can stay here, have lives here, that they can move around Europe with relative ease whatever the immigration policy or restrictions might be in the future, that this group of staff gets looked after," he said.