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"China and the United States are the two largest economies in the world…managing their relations effectively, instead of pointing fingers and exerting pressure on one another, is of great concern to everyone," he said.

"By adopting the ban, China plans to change the current global structure in the division of work, eradicating its role as a dumping ground for leftovers from developed countries, which has grown in the past 30 years," Xue said.

"China is home to unmanned shelves with customized stock keeping units based on profiling of frequent customers－and facial recognition payment," said Lannes. "It is a market that has leapt beyond the integration of online and offline retail to introduce ubiquitous shopping across a range of consumer touch-points."

"China owns more than 35 percent of the US debt held by foreigners, but this uncertainty is pushing China to look for ways to diversify its investment away from the dollar. Why on earth would we want to incentivize diversification away from the dollar?" O'Hollaren asked. "The more our economies are interconnected, the less likely we are to take actions that will hurt each other's interests."

"China has some lessons ... and insights to share with the rest of the world," he added.