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"China is so integral to global supply chains for many products that a good portion - but not all - of the tariff impact will be passed onto US consumers. US firms will be the bigger losers," he added.

"By genuinely engaging with international institutions and foreign partners, it could contribute to bringing economic and broader institutional development to countries which, until now, have not seen much of either," said Berglof.

"China is moving from the volume segment to the premium segment, and we are quite confident this will also happen in the NEV sector," Troska said.

"China plays a very important role in the career of promoting soccer's globalization and its participation is indispensible," said Fatma Samoura, secretary-general of FIFA

"China and the EU do not have fundamental conflicts of interests. China-EU interactions are a mutually beneficial positive cycle, not a competition where one side loses and the other side wins," the minister said.