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Angela Santomero

And it is a pretext, as freedom of navigation in the South China Sea has never been a problem. Hundreds of thousands of commercial ships pass through the strategic waterway each year transporting an estimated trillion worth of goods. Not a single one has found its freedom of navigation compromised.

Andreas Gerstenmayer, CEO of the world's leading printed circuit boards maker, said the BRI opened up new horizons for the company's development as sales volume from the Chinese market is expected to account for half of its global sales.

Analysts expect trading on the STAR Market to become more rational in the medium term, with valuation levels to better reflect company fundamentals. Firms with strong fundamentals may sustain high valuations, while weaker ones may see a marked divergence in stock price performance.

And since May 2017, stores have been pulling out of Sogo, one of the largest malls in central Beijing.