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"China has become a leader for global online charity efforts," he said.

"China is a big importer of Michigan dairy products. This uncertainty hurts markets. All I know is that we have to get this resolved, the sooner the better for everybody, for the US and for China. We can help each other, work together and improve life for people in this country and people in China," he said.

"By then, we could be a 0 million company," the entrepreneur said. According to Parafuzo's funding brochure, the company, which was set up in 2014, already had a break-even cash flow by November 2016 and in that year, it had .93 million in GMV, 3,000 in net revenue and 3,000 in net loss.

"By 2030, we hope to be able to remove the cockpit from the vehicles and to achieve fully autonomous driving," Cheng added.

"Central banks in the Asia-Pacific region have followed or will follow the Fed's move by ensuring that they have done what they can to add liquidity to the financial system and work to avoid the grinding to a halt of funding markets," said Daniel Gerard, senior multi asset strategist at State Street Global Markets.