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"China continues to be a growth market with attractive prospects for Clariant. This investment will be of great benefit to our company's positioning and customer proximity in the entire region," said Hans Bohnen, COO of Clariant.

"China never has and never will ask relevant countries to use natural resources as security for a loan. China's aid and support to the Philippines have no strings attached," Geng said.

"China is a really big country," he adds, noting that to learn more about the Middle Kingdom is why he applied for an additional year's study at Tsinghua University, one of the most famous universities in China.

"But, right now it's too early to really tell what the true ramifications of the added tariffs are. We will have to see what happens in the next couple of months," she said.

"China has the best petri dish, and could produce ventilators and masks for the public good," explained Robertson, vice-president and fellow at the Canadian Global Affairs Institute.