In addition, this gaming is not just about China and the U.S. It involves all different parties, said Zhou. "We sincerely hope that we could carry out communications and adjustment with EU countries in order to achieve the objective we all look forward to seeing," he added.

Claudia Vernotti, founder and director of China-EU Association for Digital, also said "trade wars as such in any case do not generate any winners."

"So in the U.S.-China relationship, none of them will really win, because it's not a chess game," she told Xinhua at the sidelines of the seminar.

"Also the complexities of the global supply chain in the world is so complex, there are so many interconnectivity around it that makes even third-party countries probably not have much to gain, so the EU also will not be better off from a trade war between the U.S. and China," she said.

"The position of the EU is very complicated, and I think eventually only dialogue really can solve a little bit the issue," she noted.

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