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"For the Chinese government, the guiding principle for negotiations is to develop and consolidate bilateral and international ties, to have mutually beneficial cooperation," said Wei.

"Financing for developers has become increasingly difficult in the domestic market due to the tight policies enacted to prevent systematic risks," said Li Xiaoxiao, an analyst with Tongce Real Estate Research, a realty information and consultancy services provider.

"Guys doing drugs, smokers and homeless people, you couldn't tell because when you spoke to George, they felt that like they were the president, because that is how he made you feel," he said."He was powerful, man. He had a way with words.

"For that reason alone the current approach to the US-China trade dispute is flawed, as are the tariffs that underpin it," wrote Roach, a faculty member at Yale University and former chairman of Morgan Stanley Asia. "There can be no bilateral fix for a multilateral problem. That has only led to trade diversion among trading partners —imposing higher costs on consumers and producers on both sides."

"For example, personal consumption loans, such as for cars, will expand soon," said a research note from Haitong Securities.