"We have heard very positive feedback from U.S. companies who participated in last year," Jake Parker, vice president of China operations at the U.S.-China Business Council, said in an email to CNBC.
"According to what we know so far, the majority of agreements have already been completed," Ren said. "There are still some agreements and contracts in the process of being carried out because they are a one-year agreement." The U.S. and China have each slapped tariffs on billions of dollars' worth of goods from the other amid the trade tensions that have lasted for more than a year. In addition to reducing the trade deficit, the Trump administration would like China to improve the business environment for foreign companies by addressing complaints on issues such as forced technology transfer, a lack of intellectual property protection and an uneven playing field in a system controlled by the state.
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