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

"China has encouraged Chinese companies to carry out the cooperation on the basis of equality and mutual benefit and according to business principles," Foreign Ministry spokesman Lu Kang said in a daily news conference.

"China expressed thanks to the Japanese side for their rescue efforts," he said.

"China is transforming from a manufacturing giant to a world manufacturing power, but manufacturing sector development is unbalanced along the value chain. Small and medium-sized enterprises need to improve their production efficiency and management models, as well as reduce their manufacturing costs," said Xu Lihong, CEO of A.BRAIN Research Institute of Intelligent Manufacturing.

"Canada, Mexico, the EU and China have already retaliated — or announced plans to retaliate — with billions of dollars in tariffs on US-made products," the US Chamber said, adding that approximately billion worth of US exports will be subject to retaliatory tariffs as of this week.