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"CIIE offers British firms a unique platform to connect with Chinese businesses, investors and consumers," UK Trade Secretary Liam Fox said, as head of the British delegation to the ongoing event in Shanghai.

"China is so integral to global supply chains for many products that a good portion - but not all - of the tariff impact will be passed onto US consumers. US firms will be the bigger losers," he added.

"China Eastern is not the only airline affected by the grounding, thus our stand will be in line with the Civil Aviation Administration of China, and the final decision will depend on the request of the CAAC," said the source.

"China highly values ecological and environmental protection," the president said. "Guided by the conviction that clear waters and lush mountains are invaluable assets, the country advocates harmonious co-existence between humans and nature, and sticks to the path of green and sustainable development."

"China has the next step ahead of it, which is to create much higher value per individual user. And the number of more affluent users is becoming bigger," Mueller added.