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"For the past four years, China's domestic consumption has become a leading force driving economic growth, thanks to government efforts to restructure the economy," Bali said. "Online shopping festival 'Double Eleven' (on Nov 11 or 11-11) and the Chinese New Year holiday in February further shore up consumer buying desire."

"For any high-rise buildings, they will surely damage cities' original features and styles and break the succession of local history and culture as there used to be no such buildings," he said.

"Foreign interest in the mainland A-share market is an increasingly emerging theme that may offer some support to A shares and will help increase institutional ownership," Lynda Zhou, a portfolio manager at Fidelity International, said in a research note.

"Given the tough situation today, we need remind ourselves that never say never. Looking back at how the US-China relationship has grown, individual effort can't be underestimated. Public diplomacy, like ping-pong diplomacy, could play a great role when first-tier diplomacy is in jeopardy," Hong said.

"Foreign guests come here to learn more about our traditions and our history," said Mukhtarov.