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Among other areas for joint cooperation, Mykolska named renewable energy and high-tech industry, pointing that the two countries may establish good tandems on the global digital market with the combined advantages of China's powerful hardware facilities and Ukraine's software developments.

Amid all this tumult, China faces opportunities in the digitalization of industrial chain. The digitalization and capitalization of the industrial chain is a medium-to long-term trend in the future. During this process, the comparative advantage pattern of global labor division will be redefined.

Amid the prevention and control of novel coronavirus pneumonia, such machinery - including drones, self-propelled agricultural machines and automatic driving tractors - is being widely adopted, along with information technology.

America's trade deficit is more of a political issue than an economic concern, with the IIF saying the US trade deficit has not deteriorated in the past decade.

Among the measures are encouraging companies to adjust their export structures and exploring other international markets. "We will always find a way out amid difficulties," Gao added.