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"Domestic policies will, to a large extent, be dependent on the China-US trade tensions," he added.

"During the last 10 years, we just kept our head down and continued to do what we believe in," she said. "If a firm has a long-term goal, knows exactly what it wants, stays focused and keeps building a solid foundation, people of the same trade will see."

"Developing countries, however, find it hard to inject liquidity into their systems, and they can borrow only from outside," Jin said.

"Despite their differences, neither side is willing to cut the other off as a trading partner," said Xu Yingxin, vice-president of the China National Textile and Apparel Council, adding consumer sentiment may potentially add political pressure to broker a deal.

"Does it want to remain a critical partner in the most successful military alliance in history of the world? Or does it want to risk the security of that partnership by making reckless decisions that undermine our alliance," the vice president added.