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"Financing difficulties of high-tech industries discouraged many Chinese companies from (investing in) the industries. The STAR Market, however, has the potential to correct this resource misallocation and therefore notably enhance productivity," Xue said.

"For the goods that have less impact on China's industrial production and consumption, the tariff rates are much higher, but that can effectively hit back on the US when it is necessary to levy," he said.

"For instance, demand for some emerging new professional services has increased, such as high-temperature fumigation and restroom disinfection. Chinese consumers have also shown higher and more specific need for cleaning home appliances such as air conditioners and kitchen ranges. We need to become more professional in those areas," said Mu, who is also chairman of the Beijing Homemaking Service Association.

"Good! Very good!" Qian couldn't help praising such measures. Too much waste should be avoided, he said.

"Fiscal and monetary policies will provide the major tools to achieve the long-term economic development goals," said Wang, who suggested building up a unified coordination mechanism to facilitate joint efforts on fiscal and monetary policy. The mechanism is expected to work along with employment, industrial, investment, consumption and environment protection measures to spur the real economy.