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"China has done remarkably well," said Wei Sun Christianson, chief executive of Morgan Stanley China and co-chief executive of Morgan Stanley Asia Pacific, at the Fortune China Most Powerful Women summit in Shanghai on Dec 10.

"Central banks in major countries have been forced to adopt monetary easing. Considering the condition of the foreign exchange markets and the trend of capital flow, now is a comfortable time for China to loosen monetary policy. I don't see a reason for China not to do so," Zhang said.

"California State Association of Counties continues to be concerned about the lack of clarity in the Boise decision, and the potential risk for counties given the significant room for interpretation of the decision," said Executive Director Graham Knaus.

"China lags behind the US in efficiency in much agricultural production," he said. "A proper increase in importation of agricultural products from the US is in the interest of China."

"But now the situation has changed, with the US hoping China does not allow the yuan to depreciate," said Yu. "A weaker yuan would help boost China's export and reduce US exports to China."