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"China's regional leaders have long become aware that city clusters will play a vital role in regional and even the whole country's development," said Han Yongwen, vice-president of China Center for International Economic Exchanges. "According to the 13th Five-Year Plan (2016-20), the country is planning to set up 19 city clusters, accounting for 22 percent of the country's total size, 54 percent of the national population and 75 percent of the national GDP."

"China's private investment has picked up after a slew of measures have taken effect," said Han Zhifeng, deputy head of the NDRC's investment department.

"China stands ready to work with Japan's newly elected party and government leader to continue to stay committed to the principles set out in the four political documents between the two countries, deepen cooperation on fighting the COVID-19 pandemic as well as promoting economic and social development, and to push forward the continuous improvement of bilateral ties," said Wang Wenbin, a spokesman for China's Foreign Ministry.

"China's adjustment on additional tariffs is a response to US unilateralism and protectionism," the Ministry of Finance said. "China hopes the US will get back to the right track of bilateral trade and economic consultations and meet with China halfway."

"Conflicts usually won't last long. … We have different systems, values, cultures, but one thing is that we all live economic lives－that is the thing that ties us together and that is why trade can tie us all together," said Goh.