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"Chinese trade growth accelerated for a second month in June in a positive sign for global demand and the country's own economy."

"Chinese enterprises are continuously accumulating sectoral experience on supportive government policies. Companies' competence can help offset any increase in risk," Zhao said.

"Commercial banks should not overlook the importance of digitalization, including fintech and big data, with which they can advance the transformation of their retail banking business," he said.

"Cloning a monkey using somatic cells has been a world-class challenge because it is a primate that shares its genetic makeup, therefore all of its complexity, with humans," he said.

"Companies should be taking advantage of today's market conditions to reassess their portfolio vulnerabilities and divest assets that are not part of their future growth strategy," said Alex Zhu, EY's China North Transaction Advisory Services Leader.