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"Hainan is the only tropical island province in China. The era of sightseeing is past and the era of leisure and resort is coming," said Qian. The 540,000 square-meters Atlantis resort, with an investment of 11 billion yuan (about .75 billion), is expected to open by the end of this month in Sanya, the most famous resort city in Hainan.

"For instance, the movie Capernaum has seen the redesign of its movie posters which originally had a receding figure to one with a smiley face. Such Chinese-market customization is made banking on the analysis of the target audience, who have expressed their preference for an ending with hope and optimism," he said.

"Having successfully managed the effects of the COVID-19 pandemic with the support of the Chinese authorities, Nestle has decided to increase its investments in China which is another clear demonstration of our long-term commitment and confidence in the country," said Rashid Qureshi, chairman and CEO of Nestle Greater China Region. The company announced new investments of over 730 million yuan to enhance its product portfolio in late May.

"Given the Chinese economy's weight in global growth, if it stabilizes, it will play a very positive role in boosting global trade and growth."

"First, it is a violation of the principle of most favored nation status, as the US announced additional tariffs targeting only China but not any other countries," he said.