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"Closer international cooperation in the internet sector is in the interest of all. We should strive for a better linked internet world with more common understanding through frequent dialogues, increasing exchanges and valuable coordination," Gambardella said.

"Cross-border e-commerce greatly lowers the bar to enter global trade as the scale of doing business online doesn't need to be huge. Thereby, it is involving more participants, especially SMEs, in commerce worldwide," said Liao Xiaoqi, former vice-minister of commerce, prior to the Boao Forum for Asia, which officially kicks off on Thursday.

"Clearly the first swap is a small amount, compared with the potential issuance of perpetual bonds that could be more than 1.08 trillion yuan as we estimated," said Jiang Chao, an economist with Haitong Securities, an A-share listed brokerage. "That could support credit growth of 6.82 trillion yuan."

"Consumers will ultimately pay the unintended consequences of tariffs, and some workers will be hurt by this," he added. "Trump's tariffs combined with retaliatory actions by China put at risk 134,000 American jobs; according to a CTA and National Retail Federation study, four jobs will be lost for every job gained."

"China's online literature has entered an era of golden opportunities. Much of the literature has gone beyond borders to overseas countries and regions to help overseas readers understand Chinese literature," said He from the Internet Literature of the China Writers Association.