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"China has done a lot of low-level work that supplied products to the US, and China learned how to develop an economy from the US," he said. "China needs the US; the US needs China."

"Bytedance already has multiple short video and live streaming products. What Vscene can add is the VR technology so as to upgrade the live streaming experience and enhance the level of engagement," said Wang Xiaofeng, senior analyst at consultancy Forrester.

"China always develops friendly cooperation with other countries based on mutual respect and equality," Zhao told reporters at a regular news conference in Beijing.

"China and Bulgaria have maintained healthy business ties, especially in the energy and agriculture sectors," said Emil Karanikolov, the economy minister of Bulgaria. "But we don't want to stop there because we can have more possibilities. We want to attract more goods and improve the infrastructure for logistics and communication." According to Commerce Ministry data, the trading volume between China and 16 CEE countries reached .98 billion in 2017, up 15.9 percent year-on-year. China exported goods worth .4 billion and imported products worth .5 billion from CEE countries during the period, up 13.1 percent and 24 percent respectively, compared to 2016.

"But public concerns still exist because of some irreversible data releases," he said.