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"China's tariff plan is based on thorough research and analysis. It is much more rational compared with the 25 percent tariff hikes threatened by the US ... which is a trade 'stick', " said Li Yong, a senior research fellow at the China Association of International Trade.

"China's principle of adhering to mutual respect and treating each other as equals is the fundamental principle to continuously deepen the cooperative relationship between China and ASEAN," he told Xinhua.

"China will make joint efforts together with the rest of the world community to promote the UN playing a greater role in safeguarding world peace and promoting common development," Ma said. "Also, China will make its own contribution to promoting a new type of international relations based on mutual respect, fairness, justice and win-win cooperation, as well as building a community of a shared future for mankind."

"China's determination of expanding opening-up and the ongoing reform measures have made China's financial market increasingly appealing to overseas investors," according to a statement on the SAFE's website.

"Chinese authorities at all levels have rolled out measures to help travel businesses recover their operations," Dai said.