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"Free trade is self-evidently the lifeblood of the global economy, and we expect it to flourish," BHP CEO Mackenzie said in his address at the summit.

"Hailed as Asia's premier international financial hub, Hong Kong is strategically positioned as the natural gateway linking our mainland to the world. The program is another major move that uses the Hong Kong platform to strengthen the connectivity between mainland and global capital markets."

"For that reason alone the current approach to the US-China trade dispute is flawed, as are the tariffs that underpin it," wrote Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia. "There can be no bilateral fix for a multilateral problem. That has only led to trade diversion among trading partners —imposing higher costs on consumers and producers on both sides."

"For, the US farmers have already planted the soybean crop, which includes 30 million metric tons of soybean that are planned to be exported to China. If the US government can't solve the issue by September when the crop would be ready for the harvest, there will be a huge problem for the US soybean industry."

"For China, the core issue under the shadow of the Sino-US trade skirmish is solving our own problems at home. China's economic development will not be stymied, which comes on the premise that we stick to and press ahead with the path of opening markets and other reforms that has lifted growth," Guo said.