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"For smaller subsidiaries focusing on their pillar businesses, going public is practical to maintain sustainable development," Sun added. "But as CCCC has kept expanding and diversifying its business from bridge building to offshore engineering manufacturing, such a mode has reached the limit of its development. It is time to deepening reform and innovation."

"Following extensive and fruitful work, we are entering into a partnership with the Gao family and I am excited about what we will achieve together," she said. "Today is the start of a new and exciting chapter for our club. Mr Jisheng Gao and his daughter, Mrs Nelly Gao, with whom I have built a close relationship, share our values and ambitions. As a team, we will strive to build upon the strong foundation that is in place toward sustain-able long-term success."

"Given its size and importance to the global economy, China remains a top investment destination for British businesses already in-market," it said.

"Geographically, Jiangxi is close to the major urban markets of Shanghai, Guangzhou and Hong Kong, with well-developed transportation routes by road, air, and the Yangtze River. There is potential for growth through accessing these high value urban markets, if bottlenecks in the distribution system can be minimized," said Xiaolan Wang, World Bank's senior operations officer and project team leader.

"From an economic perspective, a trade war would be a 'lose-lose scenario' and negotiation is the preferred approach to reach a 'win-win' outcome", said Zhu Haibin, chief China economist and head of China equity strategy at JPMorgan. "Investors believe there is still room for negotiation between the two sides."