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"Canada should review the high dependency on the US for its economy and trade," said Gil Lan, an associate professor in Law and Business Department at the Ted Rogers School of Management, Ryerson University.

"China is the world's largest smartphone market. Samsung's limited presence in China has considerably harmed its business," Xiang said, adding that Samsung's business in India is also heavily affected due to city lockdowns.

"But now there are increasing numbers of retired people over age 60 due to the aging population, possibly bringing shortages in the labor force," he said.

"By the end of June, China has some 12,000 recycling points for disposed packages, and boasts about 20,000 new energy vehicles," he said, adding that over 96 percent of express delivery orders are now placed through a paperless, electronic logging system.

"China and Britain both have a broad consensus in upholding free trade, supporting economic globalisation and improving global economic governance, and our cooperation in these areas has been effective," Liu said.