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"For many people, the Palace Museum has been a life-style as they use our apps," Yu said. "The internet has provided us with more channels to expand museum influences to more corners in people's everyday lives."

"From January to May, SOE profits rose 20.9 percent, with the growth and profit rate up 10.2 percent and 10.7 percent respectively." Li said that the major reason behind this is cost cutting, which is directly related to the reduction of financial leverage.

"Further escalation would be counterproductive. It would simply ensure an economic cold war between the US and China, at least until January 2021 and perhaps much longer," he said. "This would be a 'lose, lose, lose' proposition."

"For Chinese emerging hit brands, it's kind of difficult to maintain long-term growth. If the brands choose to develop on a large scale after the appearance of phenomenal hit products, they will lose the original cultural connotation and identity," he said.

"For 16 years, Cadillac has been committed to bringing a new experience to China's luxury car market," said Wang Yongqing, president of SAIC-GM, which introduced the brand into China in 2003.