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"China will not slow its steps in opening itself up. We will work together with other countries to create new drivers of common development through the launching of the Belt and Road Initiative," he said.

"Currently, Africa mostly trades in raw materials with China, for instance, and imports of manufactured goods from Beijing, thus since the AfCFTA's developmental approach is solidly grounded in Africa's political economy realities and development challenges, then increased local trade would boost the continent's export power and diversification," he said.

"China's overall strengths, including supply chain, opening-up in financial services, as well as talent in e-commerce, are so prominent that they (foreign businesses) are confident to invest here long-term," he said, based on a recent survey of clients about their attitudes toward China.

"China's car sector is yet to reach its peak, so it is normal to see some fluctuations as it evolves," said Ye.

"China's decision to put products like wine in the first group of commodities subject to tariffs, leaving other commodities like pork in a second group, is an interesting strategy," said Larry Karp, professor of agricultural and resource economics at the University of California in Berkeley.