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"China has the world's most complete industrial system and has the world's largest domestic market. The industrial fundamentals in China also remain good. So we believe the impact will be controllable," Xin added.

"China is about 30 percent of the global market for semiconductors," Mike Russo, vice-president of SEMI, an advocacy group, told China Daily. "The industry as a whole and all nations involved benefit from access to markets. Companies re-invest profits in research and leverage new technology. Folks are jockeying for access — no one has sewn it up."

"But we'll listen to feedback, look at how well this policy works and continue to study this technology so that, if necessary, we can revise it over time," Leathern wrote.

"By joining in managing global economic issues and overcoming crises, China's participation in the G20 meeting is playing a decisively important role in stabilizing the global economy," the professor noted.

"But the US government has become the biggest source of uncertainty for the global electronics industry. It constantly changes its attitude and failed to clarify what products can be resumed to sell to Huawei," Lyu said.