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"Companies solely trading imported cars that have a small market share will have the impulse to lower the price first, in an aim for a bigger volume," said the expert.

"China will further open its market to other BRICS countries and increase imports, as they are highly complementary in trade," said Wang.

"China's economic development has been extremely rapid after the adoption of the reform and opening-up policy," he said, adding that the policy has been beneficial to both China and the rest of the world.

"Cooperation is the only right choice that our two countries should make," Cui said. "What the interests of our two peoples have put on us is the historical responsibilities to get the China-US relationship right, not the liberty for anyone to make it fail."

"Consumers in China's less-developed regions are becoming increasingly sophisticated shoppers who are looking for lifestyle upgrades. This increased consumption potential could mean bright prospects for our merchants," said Jiang Fan, president of Alibaba's Tmall and Taobao.