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"China always sticks to equal and fair principles when purchasing 5G telecom equipment. We never preset the market shares for domestic and foreign enterprises," Miao said.

"China has improved across almost all Doing Business indicators over the last decade, but the progress has been particularly impressive during Doing Business 2018-2020 when most Doing Business indicators improved," the report said.

"By holding the summit, we are expecting to boost the development of Qinghai and its neighboring areas, and promote the implementation of the country's strategy of developing the west," said Gao Yunlong, chairman of the All-China Federation of Industry and Commerce, organizer of the summit.

"China has been the most vibrant but also most fiercely competitive market in the world," Ryan said.

"China makes the high-road call for 'matters of principle' and directly addresses what is reported to be the prime area of disagreement: enforcement," he said. "China asserts that if a trade agreement is reached, it will honor its commitments sincerely and faithfully."