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"Every trade negotiation entails hard bargains, but both sides have to make concessions that improve the well-being of the partner country compared to a no-deal outcome," Hufbauer said.

"Democrats basically argued Trump is incompetent and completely mismanaged COVID and the economy ... Republicans are focused on law and order and say Biden will be an ultra-liberal who will take America in a dangerous direction," said Darrell West, vice president and director of Governance Studies at the Brookings Institution, a Washington, DC-based think tank.

"Every six months, we do a thorough physical examination on those elephants," he said. "Just like little kids, some elephants don't like doctors because we give them injections when they are sick."

"Dialogue is better than dispute," said Derek Hung Chiu-wah, member of Yau Tsim Mong District Council, adding that it is unwise of pro-democracy councilors to protest or disrupt order at the sessions, which may deprive others of the chance to voice their opinions.

"Dell has run quite substantially in the country. We are here in China, for China," said Michael Dell, founder, chairman and CEO of Dell Technologies.