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"China occupies a central position in the global industrial chain and supply chain, so the impact of this supply chain shock on China is of great concern," Gu said.

"China is willing to move faster in dovetailing the Belt and Road Initiative with the Middle Corridor project, steadily promote cooperation on trade, investment, science and technology, energy, infrastructure and major projects and actively seek cooperation in small and medium-sized programs and those that benefit the people, to deliver concrete benefits to more enterprises and the people," the Chinese president said.

"Changes in consumption and improvement of technologies are helping the company to forge a complete vehicle ecosystem, that will offer integrated services to car owners and provide access to people without cars," said Lu Zhengyao, chairman and CEO of UCAR.

"Canada doesn't view trade surpluses or deficits as a primary measure of whether a trading relationship works," Freeland said in her opening remarks, adding current trade between the US and Canada is "balanced and mutually beneficial."

"By serving such tech giants, Chinese chip companies have an unprecedented opportunity to grow into global players," Huang said, adding that the country now consumes more than half of the world's semiconductors.