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"Chinese regulators have allowed multiple securities, asset management, insurance and other financial firms from the United States, Europe and Japan to convert existing minority positions in joint ventures with Chinese partners to majority foreign-owned firms and have licensed a number of new wholly foreign-owned financial firms," Lardy noted in an analysis.

"Citi China's FMDB license is a piece of welcoming news for many of our QFII and RQFII clients," said Harry Peng, managing director and head of prime, futures and securities services for Citi China. "We are in a unique position – as the only American bank who can offer a complete solution to international investors to invest into China, whether it's equity or fixed income, directly (QFII, RQFII and CIBM direct scheme) or via Hong Kong (Stock Connect and Bond Connect), end to end, from sales, trading, research to custody, clearing and settlement. We have the full licenses and capabilities in China on the ground."

"China will continue to export consumer goods and import France's high-tech products such as electronics, passenger aircraft, vehicles and parts and medical equipment," said Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies.

"Compared with manual embroidery that requires time and patience, embroidery machines can help quickly complete large quantities of orders and meet demand from different customers. Despite the fact that we now use machines, traditional Miao embroidery culture remains the soul of these embroidered products," she said.

"China's small household appliance enterprises will see a market expansion in the near future as they make continuous innovations in the fields of technology, quality and design," said Liu Buchen, an independent researcher of the home appliances sector.