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And, of course, the uncertainties over U.S.-China relations under the Trump administration are ever present for those working with companies on both sides of the Great Wall. If China figures out a more direct way to place tariffs on cloud computing, or if young Chinese technology workers educated by U.S. universities decide to come back home in greater numbers than they currently do, the competitive balance could shift even faster.

And in the short run, at least, Wall Street is taking the company to task for the move, sending its shares down nearly 5 percent in trading today, after?Nordstrom’s earnings yesterday fell short of analysts’ expectations.

Andanar said staff from the Department of Finance and Bureau of International Revenue were at the palace for a press briefing on Wednesday.

Angiola Rucci, project manager with event organizing company Triumph Asia, a unit of Italy-based Triumph Group International, said the initiative has fueled two-way exchanges between China and Europe, supporting their business.

Analysts believe the soaring demand for liquefied natural gas, the slow construction of pipelines to import more supply and the lack of gas storage facilities have all contributed to the country's gas shortage, despite a global supply glut of natural gas.