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"China represents at least 11 percent of global demand (and) is the second-largest market after the US, and it has been the world's fastest-growing market in recent years," he said. "Chinese helium consumers have experienced sharply higher prices and supply allocations, similar to consumers elsewhere in the world."

"Considering the size of Baowu and Shanghai Futures Exchange, this is a world class collaboration," said Jiang Yan, chairman of the Shanghai Futures Exchange.

"Competition between countries is intensifying in strategic emerging industries such as semiconductors, telecommunications and supercomputers. Whoever seizes the market opportunity will have the first-mover advantage and gain large-scale profits," said Guo from the CASTD.

"Currently there are still gaps in the perception of products, between consumers on one side and producers on the other. We have many products that reflect the culture, the creativity of the maker, and this is not necessarily understood in China. We need to do more to promote a better mutual understanding among citizens, aside from strengthening economic ties," Ferro said.

"Citing the Joint Declaration as a justification for irresponsible remarks and interference in Hong Kong affairs has no valid ground. This goes against not only 'one country, two systems', but also the basic norms governing international relations," he said.