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"China has always responded reciprocally," he said of the WTO filing and Chinese investigation announced this week on US sorghum exports to China.

"Central banks in the Asia-Pacific region have followed or will follow the Fed's move by ensuring that they have done what they can to add liquidity to the financial system and work to avoid the grinding to a halt of funding markets," said Daniel Gerard, senior multi asset strategist at State Street Global Markets.

"But more work is needed to build the basic trading mechanism before further opening-up," Hu said. "A priority task at the moment is to open the treasury bond futures market to domestic commercial banks, as according to the current law, they are still barred from such trading."

"China lacks various esports talents, such as players, tournament operators, gaming developers and business developers. We need more professional educational organizations instead of the so-called esports training organizations that induce students to drop out and play games," Wang added. "And local governments need to keep a rational attitude, taking into consideration their own conditions."

"China has done a lot of low-level work that supplied products to the US, and China learned how to develop an economy from the US," he said. "China needs the US; the US needs China."