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"Consistency is likely to be another issue," Hua said. "UnionPay would need to be as readily accepted as Mastercard and Visa. It may take a long time to achieve this, particularly among small businesses."

"Civil diplomacy is facing challenges during the pandemic, but there are also new opportunities as the Chinese government is aiming to be more open on more levels," he said, adding his organization will continue to promote civil diplomacy and globalization to eliminate cultural barriers and let the world know more about China and vice versa.

"Chinese reactions are fully justified," Hufbauer said. "Microsoft needs to deal in a respectful manner to maintain its reputation for fair dealing in China."

"China's financial assistance addresses the all-around challenges such as poverty, disease prevention, limited trade and investment channels, weak infrastructure and industrial foundation to many developing countries and regions today," said Xing Houyuan, a member of the expert committee of the Beijing-based China Council for the Promotion of International Trade.

"Chinese startups had two teachers as they were learning what happened in both China and the US, while most Americans just turned inward and stuck to the US alone, thus having only one teacher," Lee said.