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"China can use the RCEP as an opportunity to expand opening-up and continue to deepen reforms. Greater opening-up will provide inexhaustible impetus for the country's economic growth," he said.

"China can be a difficult market to crack and even more so for startups," said Crayfish.io Chief Executive Zhang Ting, "which is why the Crayfish China Accelerator program is significant — providing a crucial combination of money and hand-holding, a strategic Chinese investor to fund market entry, and all the necessary training, business expertise, and service delivery capabilities to facilitate it."

"China may want to utilize this time window, as the US dollar's weakness may persist and as the next Special Drawing Rights review draws near."

"China can adopt effective international practices while charting a path that befits its unique characteristics."

"But they should do a good job in terms of quality and service. If not properly handled, the business will affect Chinese brands' reputation," said Zhang.