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"Having analyzed various aspects, including tariffs, we believe setting up a production unit is the best way to enter the Indian market," Wang said.

"First, there would be no winners from a global trade war. Even if the aggregate costs are modest and skewed toward more open economies, all countries would ultimately be worse off compared to the status quo," noted Neil Shearing, group chief economist at Capital Economics.

"Good communication is the first step for new business. The same goal and same value matter a lot," he said.

"Given the strength of trade ties and investment cooperation between the UAE and China, particularly the UAE's position as an important (part) of the Belt and Road Initiative, launching the Financial Sector Platform (here) speaks about our shared strategic objectives," Al Tayer said.

"Guangzhou has a huge market full of opportunities and potential," said Luo Zheng, an official at the Guangzhou commission of commerce.