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"China is taking the lead in the area of internet economy where there is huge room for cooperation," said David Liao, president and CEO of HSBC China, at a recent forum held by the multinational banking and financial services institution in Beijing on the China-ASEAN economic corridor.

"China is one of our top-priority markets with product launches and potential growth," Saroukos said, adding that the company, which ranked 16th among multinational pharmaceutical companies in China, currently has a window of opportunity due to government healthcare reforms.

"China has unmet demand for quality medical and pharmaceutical services. This implies a huge market for US companies," he said.

"China and India are opportunities for one another not threats to each other," Rong said.

"But we cannot be taken advantage of," Trump added.