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"By embracing the BRI,(the government) would open these projects to investment from many avenues making the project a reality rather than a talking point," he said.

"China has mastered a series of key technology and developed some high-quality intellectual property. If we fail to strictly review core IP transfers related to national security, we may put the country at the risk of losing control of key technology in important fields and suffering major financial losses," said Zhang.

"By building our own brand, we could invest more in innovation and market promotion, which has eventually helped increase business profits," Zhan said.

"China and the EU should join hands to cope with new changes in economic globalization by persisting in free trade and multilateralism as the focus," said Chi Fulin, president of the China Institute for Reform and Development.

"China has to compromise in some areas, the US will have to compromise on others. What the EU and to some extent Japan are trying to do for the moment is talk to the US, talk to China, so at the end of the day everybody is around the same table."