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"China is a longstanding friend of Sri Lanka, therefore, we stand in solidarity with the people and the government of China at this hour of difficulty", said K K Yoganaadan, acting ambassador of the Embassy of Sri Lanka in China.

"China is creating mega unicorns at a fast pace, and some of the leading companies are now as big as comparable US firms. For example, Tencent is as big as Facebook," said Harry Man, a partner and founding member of Matrix Partners China, a venture capital company founded in 2008.

"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.

"China has become the second-largest trade partner for Latin America. The Belt and Road Initiative will further promote bilateral trade and help facilitate social exchanges and investment," said Gao.

"China has the advantage of having both the fiscal and monetary pushes to help stimulate the recovery, while most other economies that will face the same economic headwinds do not have the same level of playing cards at their disposal," Ahmad said.