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"Chongqing has a real opportunity to elevate its status into a hub for international logistics," he says in his offices in Chongqing's Jiangbeizui financial district.

"Currently, many local governments have good practices for reducing the operating expenses of SMEs, such as deferred payment of social security funds and lower costs for SMEs renting State-owned properties," Huang said.

"Comprehensive and highly efficient logistics systems have become the core competence of enterprises to attract customers, especially for e-commerce platforms and express delivery companies," Xia said.

"Commercial war is not the proper answer to this evolution," he said. "A commercial war ... is not consistent with our mission, with our history, with our current commitments for the global security. At the end of the day, it will destroy jobs, increase prices and the middle class will have to pay for it."

"China represents one of the largest opportunities in the world for many of our clients and for JPMorgan Chase," said Daniel Pinto, co-president & co-chief operating officer of JPMorgan Chase and CEO of the Corporate & Investment Bank. "It is a critical component of our growth plans, both globally and in Asia-Pacific. Our scale and global capabilities give us a unique ability to help Chinese companies grow internationally and also bring foreign investment and capital to China."