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"By having their brands exposed during hot sports events, companies can reach their potential consumers in a more efficient way, so as to help increase sales and expand brand influence," said Leon Zhang, partner of global consultancy Prophet.

"China looks forward to more communication, coordination and interaction among the various free trade initiatives in the Asia-Pacific region, so that each can play its own and constructive role for less trade protectionism and a more open global economy," he said.

"By making this adjustment, the regulator hopes that banks will fully expose their non-performing loans and truly disclose their risk situation with more accurate capital adequacy ratios and coverage ratios of allowance for loan impairment losses to NPLs. It will be favorable for them to write off and resolve bad assets," said Xiong Qiyue, a research fellow at the Institute of International Finance at Bank of China Ltd.

"But perhaps Europe should first pay its fair share of NATO, which the US subsidizes greatly!" he tweeted.

"By threatening to impose a 10 percent tariff on an additional 0 billion of imports from China, the US President Trump has upped the ante on the trade conflict between the two," Oxford Economics said in a research briefing.