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"China Skinny has noticed that many lower tiered cities are embracing Christmas this year more so than Shanghai. An example is in Chengdu where the lighting of the Christmas tree appears to be a grandiose celebration at many of the big hotels such as Hilton, Waldorf Astoria, Wanda, Kempinski, complete with VIPs, children's choirs, elaborate Santas, and a host of delicate Christmas-themed foods," says Tanner.

"China is willing to work with relevant countries to continue to uphold multilateralism and international rules, advance the process of economic globalization and build an open world economy," she added.

"But we should care about any cliff-style drop of credit in the future," or a sudden slowdown in credit growth, Hu explained, because large policy changes may lead to unstable expectations among investors.

"Canceling an item or relaxing a regulation on the negative list showcases China's efforts to further open up a new field, which can continuously attract more international resources to flow into the nation's sprawling manufacturing industry," Wang said.

"Capital market opening-up has accelerated substantially this year, with launches of the Shanghai-London Stock Connect and the Nasdaq-like tech board STAR Market," said Wang Tingting, an associate professor of finance at Central University of Finance and Economics in Beijing.