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Arab countries such as Morocco, Tunisia and the United Arab Emirates have wooed Chinese tourists with visa-free policies.

Apple has had some limited success with the appeals court already. The company asked for an injunction to block Michael Bromwich, an antitrust monitor Cote appointed to ensure Apple’s compliance with her ruling, until after the company’s appeal. While the court ruled that Bromwich could stay, it did restrict his activities.

As China's epidemic prevention and control efforts have shown positive results since March and an increasing number of enterprises have resumed work and production, soybean imports from March to May reached 260,000 tons, up 98.4 percent compared with the same period last year.

As Brad Setser, a senior fellow at the Council on Foreign Relations, has tweeted, "No way you get there without putting tariffs on a lot of consumer goods imports, be it computers or cell phones and the like. More than 20 percent of the merchandise that the US imported from China last year were cell phones and computers."

Appetite of top financial policymakers is shifting from crisis firefighting to domestic growth in some western countries. For instance, US President Donald Trump's administration is proposing to roll back many of post-crisis financial regulations.