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"CIIE reflects the Chinese government's determination and commitment to continue to further open up its market to the world, and to continue to forge relationships to build a successful and long-term international trade model," said Ken Murphy, executive vice-president of Walgreens Boots Alliance, which operates retail pharmacy, health and daily living stores across Europe and the United States.

"But still, there are plenty of uncertainties, and fluctuations are very normal. I don't worry about the influences (on the renminbi value), but you need to manage the fluctuations. It requires more instruments to hedge risks," Daniel Schmand, chairman of the International Chamber of Commerce Banking Commission and head of trade finance at Deutsche Bank, told China Daily on Wednesday.

"China has never resorted to competitive devaluation," said Sheng, deputy head of Shanghai-based CEIBS Lujiazui Institute of International Finance. "The market plays the main role in determining the exchange rate of the RMB."

"China has possibly undergone the fastest rate of urbanization in the past three decades in the world. For people like me, who grew up in the countryside and later relocated to big cities for work, there is a disconnection and a sense of loss," said Zhang, founder and principal of the campus, which he established in 2011.

"China has made a lot of progress, especially in the last 10 years. It's unfortunate that 'trade war' brings a lot of attention to the negative areas of the relationship, but the IP system in China is a positive area," said Robert Merges, a law professor at University of California, Berkeley and co-director of the Berkeley Center for Law and Technology.