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Consumers check out products at a duty-free store in Shanghai Pudong International Airport. [Photo provided to China Daily]

Contact the writers at zhoujin@chinadaily.com.cn

Creation and destruction are two sides of the same coin. So, the reshaping of competition within a country, the redistribution of individual economic interests, the restructuring of global governance rules, job change and unemployment, and the challenge on social ethics may all become the by-products of the new industrial revolution.

Credit Suisse sees the controversy as short-lived, saying that it does not override the long-term opportunity for the company, majority owned by Bain Capital, a Boston-based private equity firm, nor does it discount the high demand visible during store checks in China.

Considering how "vast and complicated" the US-China relationship is, Kennedy said there is "no single significant magic wand" that can suddenly transform the bilateral ties.