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"Central and local government borrowing is beginning to reach its limits, so this is probably the right way to go. His message on quantitative easing will also perhaps alleviate some market concerns."

"CIIE 2018 is providing UPS with a platform to share cross-border trade insights and best practices gained from working with customers in China over the past 30 years," said Harld Peters, president of UPS China, adding that it is an opportunity for the company to gain a better understanding of the challenges facing Chinese businesses.

"China and the United States should work together and make all the right choices and show the way forward to the world," he said.

"China has come to a critical period of upgrading and transformation," Dong added. "The domestic consumer market is entering a new era driven by technology, high quality and services. The generation born in the 1980s and 1990s has become the main force of consumption, and those born in the 2000s will also become new consumption drivers."

"But the US dollar remains the wildcard. If and when the greenback strengthens again, the renminbi will come under renewed pressure, reigniting capital outflows. Then we cannot rule out a further clampdown on outflows, in order to safeguard foreign exchange reserves," he said.