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"Companies that have business relations with the US have already felt the shock," said Li Jianwei, chairman of Hangzhou Euroluck Import and Export Co, a cloth and textile trader. Li said orders started falling from the second half of 2018 on fears of punitive tariffs, though textile was not included in the additional tariff list then.

"China's auto industry has developed a lot while the current tax policy for used cars was made 15 years ago," he said.

"Companies that wish to access the mainland and/or the Hong Kong stock exchanges, but are not yet prepared to delist from the US, could also consider secondary listing as an alternative," said Jonathan Zhou, counsel at law firm Freshfields Bruckhaus Deringer.

"Chinese movies have gained unique influence and power thanks to the rapid development of the movie industry (in the past five years)," said Zhang at an earlier meeting in Qingdao, Shandong province.

"Considering our current operation status, we are able to complete and may even exceed our global expansion goal of 200 cities," said Chris Martin, Mobike vice-president and head of its overseas expansion business. Much of that expansion will be domestic, but he said Mobike will cover more countries in the second half of the year.