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"China has always been opposed to the act of frequently resorting to or threatening unilateral sanctions," Hua said, adding that she is aware the so-called "Kremlin report" says that the listing of names does not mean sanctions or limits on the people's exchanges with citizens in the US or other countries.

"By signing the agreement, both nations can obtain more information and have a better understanding of each other's markets," said Toshihiro Iwasaki, chairman of the Japan Investment Trusts Association.

"But the main challenge lies in whether these firms can succeed in foreign markets and attract local consumers with strong Chinese characteristics."

"China is perhaps better positioned now than ever before to become a globally competitive player in both semiconductors and AI ... because leading digital businesses (in China) have signaled that greater domestic self-supply of semiconductors is a vital component of their future," he said.

"COVID-19 is a big threat to humanity and we all need to contribute to the joint fight in one way or another," he said.