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"China has successfully managed fast and strong economic growth for decades; the country's pace of innovation today is also unprecedented," Gibbs said.

"China may increase the interest rates for open market operations following the possible US rate hike, but in a moderate way, a similar move as it took in December and March," said Yang, who also suggested a further cut in the cash that banks set aside as reserves when liquidity risk increases.

"But now it turned out, we got a little bit lucky. It was very big, it was very powerful, but it passed quickly," said Trump, who added he'd likely visit areas impacted by the storm over the weekend.

"China has become the largest piano market in the world," said Tan Chan, board secretary of Pearl River Piano, one of the biggest Chinese piano makers in Guangdong province. "But if you compare the number of pianos per hundred households, the number is still behind Japan, Europe and the United States. There is large potential for growth in the future."

"China is so integral to global supply chains for many products that a good portion - but not all - of the tariff impact will be passed onto US consumers. US firms will be the bigger losers," he added.