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"China Construction Bank Corp has already established a wholly-owned fintech company. Other banks may follow in its footsteps," Cao said.

"ChemChina has, from day one, respected Pirelli's traditions and its Italian roots while working to strengthen the company. I would also add both sides have been respectful of the traditions and priorities of our two countries, always with a focus on the business's success," he said.

"China has demonstrated a strong willingness toward de-risking," said Nicholas Zhu, vice-president and senior credit officer at Moody's Investors Service. Zhu said global credit ratings agencies are keeping a close watch to see if financial leverage increases due to the stimulus measures for curbing downside pressures on the economy.

"China has a vision for the future and its political culture is not about stunts and distracting spectacles," said Pastreich.

"By 2016, a broad swath of Americans had begun to feel the effects of China's development in their everyday lives－in shopping malls, at the multiplex, in paychecks－and to sense that the center of global power might be shifting from the United States toward China," Robert Daly, director of the Kissinger Institute on China and the United States, wrote earlier this year.