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"Foreign companies, including European ones, were part of the story of China's development, and we believe they will continue to be part of the successful story of China's development and win-win cooperation," he added.

"Foxconn is not just a contract manufacturer of electronic devices, but is also engaged in the design and production of some precision elements in the supply chain sector, and gained experience and strength in intelligent manufacturing," said James Yan, research director at Counterpoint Technology Market Research.

"Hasbro will have no choice but to pass along the increased costs to our US customers," said Brian Goldner, CEO of toy company Hasbro. He said the Pawtucket, Rhode Islandbased company, the maker of popular products such as Monopoly and GI Joe, was working to reduce its reliance on manufacturers in China, but he also said it has built up extra inventory, incurring additional storage costs, as it braces for tariffs.

"Harmony but not sameness, diversity but not confrontation, these values are deep-rooted in the Chinese culture," said Cui, citing words by Confucius.

"Half of the companies that participated in the study chose the Chinese mainland as their first investment destination," he said.