Laurence D. Fink, CEO of BlackRock Inc, the world's largest money management firm, said a trade war cannot solve problems. "Dialogue and maybe some adjustments in trade policies can be at work."

Fink made the comments when asked what suggestions he would give to the US President Donald Trump regarding China-US trade relations on Saturday in Beijing.

"Both the US and China have benefited greatly from globalization. The world needs a stronger China and a stronger US," he said at the China Development Forum.

"The world is not a public fight in which we reduce future opportunities," he said, highlighting that the recent stock market falls speak louder about how businesses feel about the Trump administration's policies.

He said he hoped that both countries can find common ground through dialogue to rebuild trust and better bilateral economic and trade relations.