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"China will open up more investment areas and loosen many restrictions on existing industries, and this will present many opportunities for foreign companies who are interested in this huge market," he said.

"Chinese consumers have already developed the habit of buying almost everything online. The expensive, large-size home appliances can now also be bought with a mouse click, with e-commerce companies building trust with consumers and offering free installation services," said Lu Zhenwang, CEO of Shanghai-based Wanqing Consultancy.

"China sees us as a country which has its own interests at heart and one which does not go out of its way to antagonize others," he said.

"China's digital transformation has developed at an unprecedented speed, and has created huge and valuable opportunities. The Chinese market has become one of our largest markets globally," said Kang Rong, vice-president of Microsoft China.

"China, President Xi, has been very strong in helping us to solve this problem," Trump said. "I have a very excellent, as you know, relationship with President Xi. And I think that relationship is very important as to what's happening with North Korea."