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"Earlier, goods from Japan headed to European countries were transported by sea and air. But now, the China-Europe Railway Express provides a new option for large-scale logistics runners between Japan and European countries, creating a convenient and rapid mode at a reasonable price," says Chen Luchao, a manager with the Xiamen International Railway Service Co Ltd.

"E-commerce platforms hope to unleash the consumption potential from fourth-tier cities and below, as the growth of online shopping in first and second-tier cities is slowing down," said Cao Lei, director of the China E-Commerce Research Center.

"Every time I see this video now, I'm trying to figure out, 'What was going through your mind? What were you thinking?'" he testified. "I don't know how I could have been so stupid."

"Fed policy is shifting into a higher gear to try to help support the economy which looks like it is in free fall at the moment," Chris Rupkey, chief financial economist at MUFG Union Bank, said in a research note.

"Expanding imports is an inevitable requirement for the balanced development of foreign trade," Wang added. "A comparative competitive edge is the foundation of international trade and the origin of benefits from international trade. Overemphasizing on exports may guarantee increased foreign exchange reserves, but it doesn't mean a better life and prosperity for ordinary people."