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"China's high-speed railway is as fast as a rocket, but the nation's progress is even faster," said Palestinian businessman Yahya Saleh.

"China's countermeasures do not intend to purely pursue equivalence in the same amount as the US tariff rates. The latest four-level tariff rates have much more flexibility," said Gao Lingyun, a researcher of Institute of World Economics and Policies at the Chinese Academy of Social Sciences.

"China's progress has greatly benefited the world because China has adhered to the coexistence principle," he said.

"Chinese startups had two teachers as they were learning what happened in both China and the US, while most Americans just turned inward and stuck to the US alone, thus having only one teacher," Lee said.

"Currently, the overall operation of China's banking and insurance sectors remains stable, and financial risks faced by them are generally under control. Although risks are quite high for some banking and insurance institutions, they will not affect the stability of the entire industry, as there is only a small number of them," said Xiao Yuanqi, chief risk officer and spokesperson of the CBIRC.