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"Customers (in China) are saying if the tariffs come in, we have to pay the 25 percent, and some are saying we will split it with you," Daugherty said. "We have stopped shipping to China. There is not enough of a margin to cover 25 percent or even 12.5 percent."

"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.

"China's further opening-up provides a very good opportunity for Herbalife Nutrition and other multinational corporations' long-term development in China," Zheng said.

"Convenient payment services sound simple, but they can encourage immense spending growth," said Alexander Yin, chief financial officer at TGC, the parent company of ePassi, the Finnish payment terminal provider that works in partnership with Alipay.

"China urges the US to treat Chinese companies in an objective and fair manner," Geng said in a statement, adding that the country will firmly defend the legitimate interests of its enterprises.