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"Charity revenue is the barometer of China's socioeconomic development," she told China Philanthropist magazine, adding that the correlation needs more annual figures as proof.

"China is leading the world in terms of e-commerce market size, growth, penetration and mobile business usage," said Alan Wong, SF Group's vice-president.

"Certain areas in the European Union, in the United Kingdom and in the US, they have not been benefited and they feel they don't fit in globalization," he said.

"China has been the leader for new energy vehicles, because it's a place where there is the largest number of such vehicles being commercialized. It is very significant for us, as the push for intelligent connected vehicles in China is defining the frame. It is directly supporting our new technologies," he said.

"China is always open toward addressing the concerns of the US side via dialogue and cooperation," the commission said.