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"China is so integral to global supply chains for many products that a good portion - but not all - of the tariff impact will be passed onto US consumers. US firms will be the bigger losers," he added.
"China is the only country in the world that has all 41 major industrial categories, 207 medium industrial categories and 666 industrial subcategories, according to the industrial classifications of the United Nations," he said.
"Certainly, the second summit is not a one-off business matter," he said. Regardless of the results, more talks, and even more summits, between both nations are needed as they try to implement their agreements, he added.
"But, the improvement has been limited. Investors are still concerned about default risks of private enterprises," he said.
"China accounts for 60 percent of the world's most successful female entrepreneurs, while Chinese women make up one-fifth of the world's female population," said Rupert Hoogewerf, chairman and chief researcher at Hurun Report. "Reform and opening-up, as well as entrepreneurship of Chinese women, can be the reason behind this story," he added.
