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"China will firmly take necessary actions to safeguard its own interests," Foreign Ministry spokesman Geng Shuang said at a news briefing on Wednesday.

"Chinese startups are gearing up to change the game of starting a business abroad. This is the right time for Chinese startups to venture overseas," said Zhou Wei, founding partner of Beijing-based CCV.

"China's decision to put products like wine in the first group of commodities subject to tariffs, leaving other commodities like pork in a second group, is an interesting strategy," said Larry Karp, professor of agricultural and resource economics at the University of California, Berkeley.

"Compared with the approval system currently adopted by the A-share market, the registration system will rely more on the market to judge the value of listed firms. This means related provisions must be revised to ensure investors are well-informed," Wang said.

"Compared with the policies allowing foreign banks to set up branches in China, in addition to wholly owned subsidiaries and joint-venture banks, or remove caps on foreign ownership in Chinese financial institutions, we pay higher attention to the policies that expand the business scope of foreign banks," he said.