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"China should prevent debt risks, and strengthen financial services' competitiveness globally," said Cao Honghui, a senior expert with the research department of the China Development Bank.

"Clouds are on the horizon" for California especially if the trade war intensifies, said Jim Doti, chair of business and economics at Chapman University.

"China's AI education development has entered a new phase. A great number of students yearn for high-quality education," Li said. "For an education company, the key to winning the game is that it should be able to use big data and AI to truly and greatly improve students' efficiency and capability.

"China will play an active and vital role in prompting the development of the semiconductor display industry, which has a high entry threshold and needs high investment," Li said.

"China's economy is increasingly driven by domestic demand, so it is important that consumer spending has continued to bounce back," Rothman said, adding the improvement in consumer spending and sentiment has come in advance of a full recovery in income, suggesting a fairly high degree of confidence in the future.