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"Future guidelines, with details of debt approval procedures and penalties for market participants violating rules, are expected to plug financing loopholes and ward off potential risks," said an official with the National Development and Reform Commission. He said that the current rules seek to just warn violators, rather than taking any action like blacklisting.

"Games are a universal language that everyone can accept and play," said Yu Guoming, executive dean of the School of Journalism and Communication, Beijing Normal University. He believes games are ideal products for cultural export as they contain "little ideology".

"Global recovery creates good conditions for China. Chinese government appears ready to raise the anchor and set sail. We sense a tilt in the balance toward faster reforms in 2018, which marks the 40th anniversary of reform and opening-up," said Ding Shuang, chief Greater China economist with Standard Chartered Bank.

"For soccer, it's better to get trained at a young age. These young soccer players, who were picked at around 12 years old, will probably help China to play in the 2022 World Cup.

"Germany and China are major trading partners and I am optimistic that both will continue to cooperate in these uncertain times," Frank Appel, CEO of Deutsche Post DHL Group, said in an interview.