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"Harley-Davidson is using that as an excuse and I don't like that because I've been very good to Harley-Davidson and they used it as an excuse," he said in response. "And I think the people who ride Harleys aren't happy with Harley-Davidson and I wouldn't be either."The president has held up the motorcycle maker as an example of a US business harmed by trade barriers in other countries. But Harley-Davidson had warned last year against responding to foreign trade barriers with higher American tariffs, saying the levies could negatively impact sales.

"Furthermore, China is shaping up to be the world's second-largest economy. These people have not experienced material shortage and they have no intention to do so," Feng added.

"First, I predict a surge of EB-5 petition filings until November 21, when the price increase to 0,000 takes effect. After that, I expect a sharp decline in EB-5 petitions, as fewer people will be able to satisfy the new minimum investment amount."

"For some new infrastructure and manufacturing projects, central SOEs have shifted much work back to their plants in China to ensure the work can be properly continued after the coronavirus outbreak," he said.

"Following sharp declines, economic activity and employment have picked up somewhat in recent months but remain well below their levels at the beginning of the year," said the central bank in a statement.