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"By participating in the CIIE, Ferrero would like to seize the opportunity brought by the market recovery, so as to further consolidate our leading position in the China market," Mauro De Felip said.

"But this relationship needs effort from both sides to maintain. We hope the US will uphold mutual respect, strengthen practical cooperation, manage differences appropriately, and inject positive energy and drive into bilateral relations."

"China has not yet launched a unified framework for regulating systemically important financial infrastructure, but efforts are being made toward this direction," said Yin Zhentao, a researcher at the Chinese Academy of Social Sciences' Institute of Finance and Banking.

"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.

"But the US Chamber would strongly disagree with a decision to impose sweeping tariffs," Donohue said in a statement released on Thursday.