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"China has shown in all these ways, and of course with its economic development, that it spearheads the global anti-pandemic fight in this tough year for the mankind," he said.

"Chicago started something and embarked on a different road five years ago," he said. "If we do this right..., the rain will disappear, the sun will come out, and something beautiful will grow."

"China is a huge market and its demand is enormous. We need a reliable and experienced local partner, jointly paving the way to enter the Chinese market," Sincer said.

"But there are some issues that divide us," including the set of tariffs China imposes on US exports, some standards China imposes particularly on food items, and intellectual property rights, the technology transfers and cyber security, which Ross said are "essentially the basis" for the US' planned hefty tariffs on billion worth of Chinese goods.

"Caterpillar was also developing new financial solutions for customers operating in emerging markets", Istas added.