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"By 2016, a broad swath of Americans had begun to feel the effects of China's development in their everyday lives－in shopping malls, at the multiplex, in paychecks－and to sense that the center of global power might be shifting from the United States toward China," Robert Daly, director of the Kissinger Institute on China and the United States, wrote earlier this year.

"China Shipbuilding Corp will uphold national strategies about building strong marine and manufacturing industries, boosting science and technology, developing the military into a world-class force and transforming the company itself into a top-tier enterprise," the statement said. "We will strive to become a top-class shipbuilder with a competitive edge in the global market."

"China goes far ahead of the rest of the world in customer-oriented digital environment, with a huge amount of user data accumulated, and lags behind leading economies in the business-oriented digital environment, such as the manufacturing and supply chain," said Zhou Jieqi, a partner of EY Parthenon Transaction Advisory Services.

"By openly interfering in Hong Kong affairs, which are purely China's internal affairs, and trampling international law and basic norms governing international relations, they have laid bare their double standards and gangster logic," the spokesperson said.

"But the US is pragmatic. It will give some degree of support and hope to Taiwan's current administration, but it will not defend Taiwan with actual soldiers," he said. "The Taiwan residents have various needs, but security and economic development are the top two priorities."