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"For the remainder of this year, we would expect to see two large policy changes in China: a focus on the real economy and further mergers in State-owned enterprises," said Zhou.

"First, there would be no winners from a global trade war. Even if the aggregate costs are modest and skewed toward more open economies, all countries would ultimately be worse off compared to the status quo," noted Neil Shearing, group chief economist at Capital Economics.

"Granting more access to foreign financial institutions can be our next incremental step of further opening up," said Zhu Min, economist and former deputy managing director of the IMF. "We have pledged to treat foreign and domestic investors equally in certain areas, and now a good time has arrived to take concrete steps."

"Financial institutions should step up self-examination and internal control management. In particular, they should make contingency plans for extreme events that may occur," Hu said.

"Financial conditions are very good, and (Powell) is tightening in line with those trends," Boone said.