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"First, it is a violation of the principle of most favored nation status, as the US announced additional tariffs targeting only China but not any other countries," he said.

"Flammable finishing materials have been a great source of problem in major blazes," he said, citing the Grenfell Tower inferno in June that killed 71 people.

"For example, Porsche won the most famous motor sport race in Le Mans for the last three years with a hybrid engine, and a lot of this technology we transferred to our Panamera for example, and now to the new Cayenne, and so Porsche has very big credibility in electro-mobility."

"Foreign companies have become engines of Shanghai's economic development," said Shang Yuying with the Shanghai Municipal Commission of Commerce. "They are also essential to the city's industrial restructuring, and scientific and technological innovation."

"From January to October 2020, non-financial direct investment by Chinese companies in countries along the BRI routes amounted to 14.1 billion US dollars, an increase of 23.1 percent year on year," Liao said.