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As asset quality improves, banks would have greater capacity to issue more credit to support the non-financial sector, he said. The commission's recent moves to lower bad-loan coverage ratio reflect the idea of encouraging more credit to support the non-financial sector, Lai said.

As a result, the professional requirements are more extensive, and cross-disciplinary talent is required. It is necessary to strengthen the training of talent in this area, Xu said.

As a part of Chinese civilization, Confucianism is closely related to regional cultures, speakers said, with different geographical locations with varied natural environments taking shape regionally as essential components of Chinese culture.

As both sides left open the door for communication, experts urged that talks for a negotiated resolution be held until it is too late to prevent global economic instability caused by a protracted downward spinning of China-US commercial ties, which have become an increasingly vital component of the world economy.

As for the US government's decision to levy a 25 percent tariff on imported steel, Jia said the steel products that will be used in CRRC MA's production partly come from the US and partly from China. "The steel tariff has less of an impact on us," he said.