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"From a negotiation perspective, it's a powerful tool. From a market perspective, it leads to increased uncertainty. In the near-term, we would expect to see volatility in markets as they attempt to price in the net impact of tariffs," said Michael Olivia, a financial planner with Westpac Wealth Partners.

"Guangdong will seek expanded cooperation and more discussion with Hong Kong and Macao in building, operating and managing the infrastructural projects that link Guangdong with the two Chinese SARs, including the Hong Kong-Zhuhai-Macao Bridge and other large-scale projects," Li said.

"Finding ways to boost labor-force participation and productivity growth would benefit Americans and should remain a national priority," Powell said.

"Five years ago, Optics Valley was still an 'internet desert,'" said Wang Jiapan, an official with the park. He recalled how an article about the absence of internet firms in Hubei galvanized officials into action in 2017.

"Guided by the standards, we've sorted out and optimized our internal management system, and integrated the standards into our existing management standard systems. In the future, we will explore more new modes with the focus on smart manufacturing, technological improvement and internet plus."