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An outside view of the Palestine Liberation Organization's office in Washington, US on Sept 10, 2018. [Photo/IC]

Andrey Kravchenko, a Russian who has been living in China for nine years, said that the country impressed him greatly with the strong action taken to protect its people and help prevent the virus from spreading during the coronavirus outbreak.

Analysts believe China's recent moves will bring in overseas capital, technologies and talent, which will likely help upgrade local industries.

Analysts said foreign smartphone brands are attracted to China by its huge market potential. However, they may encounter steep challenges as China's smartphone industry is witnessing a slowdown and the competition among major smartphone makers is very intense.

And for US cranberry producers, the tariffs are crimping sales of the fruit that is a staple of American Thanksgiving dinners.