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"China's economy has reached a point where it cannot be adversely affected by trade protectionism of the certain country. China now has the largest foreign exchange reserve in the world," Cairo-based economic expert Abu Bakr al-Deeb told Xinhua.

"Cooling herbal tea" or liangcha is so much a part of Chinese life that it has been listed a national intangible cultural heritage.

"Collaborations like this are very critical, because together we'll be able to get there faster," said Hua. "I think American startups certainly should be going to China to exploit the opportunities to get funding or partnerships."

"China's embrace of IP rights is to be expected, and certainly aligns to current national interests," says Bryce Boland, chief technology officer for the Asia-Pacific region at cybersecurity company FireEye.

"China's recovery has been in the form of a 'V' (rapid growth after an abrupt decline) and it is the first country to grow after the pandemic and at a faster rate, despite the impact of the disease and the trade measures applied by the United States," said the expert.