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"China has already become the second-largest economy in the world, and it may have huge potential in the cross-border e-commerce business," Tubb added.

"China has an excellent safety track record in civil aviation. In part, it comes from an absolute willingness to take decisions like these, even if it seems an overly cautious use of the powers," Gordon Orr, a senior adviser to McKinsey China, said on the social network LinkedIn.

"China has facilitated ASEAN to be the foundation of the grouping which incorporates free trade with north Asia, South Asia, Australia and New Zealand. This will be a very powerful trading bloc," he said.

"China is clearly committed to being a leader in sustainability. Across industries, people understand that sustainable, green development is critical for the long-term success of China's urbanization over the next few decades," he says.

"China is taking a leadership in maintaining free trade, and actively collaborating with international partners. The world cherishes that leadership, because collaboration and not confrontation is the way forward."