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"Foreign institutional investors believe that China will truly further open its capital markets this time. A growing amount of portfolio investment will enter the capital markets more actively after the risk associated with China-US trade friction is significantly reduced. This will lead to revaluation of assets in the country," he said.

"Generally, China is unlikely to see a big surge in unemployment," Ding said. "To ensure stable employment, more efforts are needed to prepare plans to deal with the uncertainties arising from Sino-US trade friction, further deepen tax reform for companies, provide subsidies to guide companies' employment behavior, improve urban management and loosen restrictions on the night economy."

"Foreign investors are gradually quitting labor-intensive industries and shifting to capital-and technology-intensive industries in China," said Lu Yongxiang, director of the National Manufacturing Strategy Advisory Committee.

"From a research perspective, the US has benefitted from globalization in the past 20 years," Wang said. "Thanks to its imports of consumer products at low prices, the US did not suffer from imported inflation for a long time. However, by threatening to impose higher tariffs on imports from multiple countries, the US could have the opportunity to renegotiate trade agreements with these countries and gain greater benefits."

"Graduation is a rite of passage between one stage of life and the next. The support of family and friends is crucial for our graduates. We are glad to see not just parents, but also grandparents present here. That inspires us to continue to bring the event to Beijing," says Hugh Brady, the president of the University of Bristol.