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As the US presidential election approaches, Trump may be more cautious on moves that could jeopardize the slowing US economy. That said, Trump has said he is in "no hurry" to strike a deal.

As the nation is gearing toward a consumption-driven model while striving to curb financial risks through deleveraging efforts, disparities remain across regions.

As the US government stopped billion worth of Chinese M&A activities in the country between January and June, investing in the US will only get harder over the long run. Chinese companies invested only .8 billion in the US in the first half of this year, down 90 percent year-on-year, reaching the lowest level in seven years, according to the Beijing-based China Institutes of Contemporary International Relations.

As the US accounts for almost one-fifth of China's exports, or the equivalent of 3.6 percent of the country's GDP, large-scale additional tariffs could have a noticeable impact on China's economy and would have knock-on effects for the supply chain across the rest of Asia, said Andrew Fennell, director of the Sovereigns Department in Hong Kong of the global credit rating agency Fitch Ratings.

As the largest developing countries in the eastern and western hemispheres, bilateral cooperation between China and Brazil has strong vitality and broad prospects, Wang said.