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"China's regulators were trying to buck the trend by keeping the yuan stable for a long time, but they are probably just going to let it follow market forces at this point instead of using precious dollar reserves to defend the yuan," Ann Lee, a specialist in China's economic relations and adjunct professor at New York University, told China Daily.

"China used to lag behind those developed countries in terms of participating in the global competition (for infrastructure projects). And now we need to ramp up the efforts to target overseas markets and learn from leading countries."

"China urges the US side to immediately correct its wrong decision, stop interfering in Hong Kong affairs and China's other internal affairs, and not go further and further down the wrong path," he said.

"Climate change is real. ... We are seeing its impact," he said. "Our oceans are getting warmer, weather patterns are changing dramatically and glaciers are melting at an alarming rate. This grassroots movement is now starting to have an impact on national governments."

"Clearly, the draft plan is dead," he said on Fox News. "Is the serious rewrite plan dead? I don't know. I've not seen the serious rewrite plan."