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"By essentially trading cryptocurrencies in a decentralized way, we are building the financial system of the future," he added.

"China helps with the construction of infrastructures and provides training for Arabs, while importing oil, gas, minerals, and raw materials from the Arab world," Bourji said.

"China is a very important market for Amazon. We're committed to growing our business here," said Chang, adding she is very optimistic about Amazon's prospects in China.

"China has a significant market growth potential of its 5G network and it has been leading the development of 5G. This year, 5G will cover 50 cities, and about 300 cities will get 5G connections next year. In the year after that, the connection is likely to be available nationwide," said Xiang Ligang, a telecom expert and chief executive of industry website Cctime.

"China is making use of all existing mechanisms with countries in this region to promote mutual understanding and ease tensions there as a responsible country," he said.