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"Changes in the external environment may weigh on the market in the short term, but may also help the market bottom out and augur well over this autumn," Chen said.

"China is the largest market for entry-level skiers. Despite the overall skiing market being on the rise, in the past five years, the number of hard-core skiers has gone down slightly. China's ski market has begun to differentiate," Wu said.

"China aims to tackle the problems of inequality, exclusiveness and inefficiency in the previous globalization process and provide better global governance products for the world," said Fan Yongpeng, an associate professor with the China Institute of Fudan University.

"China is very serious, and we are very serious," Trump said, adding that the tariffs announced "will continue unless we make a trade deal".

"China is further opening up its market to foreign investors by lifting entry barriers. We hope the expanded pilot program, laws and rules will further promote cross-border investment in transportation, education, healthcare, finance and professional services," said Gavin Guo, international partner of the Shanghai-based Kewei Law Firm.