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"China and the US are now in contact with each other," he said.

"China may further loosen monetary policy and launch various measures, including further increasing the credit supply to meet the real economy's needs and further reducing its financing costs, encouraging banks to issue more loans to small and micro businesses and introducing innovative monetary policy instruments," said Zeng Gang, deputy director-general of the National Institution for Finance & Development.

"But there is no need to be overanxious about the risks as China has a deposit insurance scheme. By taking measures, such as appointing another bank to temporarily manage the bank which undergoes the mergers and acquisitions process, regulatory authorities will help small and medium-sized banks make a smooth transition of liquidity," he said.

"China is already more digitized than many observers appreciate and has the potential to set the world's digital frontier in coming decades," the McKinsey Global Institute said in a report.

"China has been our critical market. Today, 20 percent or more of the annual production of our large commercial aircraft goes to China. That's huge. And helicopters are another huge market," Enders said.