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But Li said policies of US President Donald Trump, especially those concerning Asia, remain a factor that could bring geopolitical uncertainty and affect China's growth prospects next year.

But Democrats have criticized that the Republican tax legislation would mostly benefit the wealthy and large corporations and increase US budget deficit.

But executives of learning centers are unfazed. "We have more than 1,000 kids on our rolls," said Wang Yuxuan, a sales consultant of the ballet training center. "We don't worry about the rent. We will open a new branch next year as the membership keeps growing."

But challenges abound. Even though the International Labor Organization has recognized the "Know About Business" or KAB program as a legitimate educational course in the 1990s, universities, policymakers and people are not fully aware of it.

But Zhang Shule, a senior independent game industry analyst, felt there was no reason for investors to panic.