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And sometimes that abstract-yet-solid connection is even harder to put in words.

Analysts said Hong Kong will become an even more attractive fund-raising market for businesses in the area where the technology and innovation sector is growing in an unprecedented pace.

And the nation’s massive export sector may start to feel a larger impact from tariffs, as Washington imposed 25 percent tariffs on billion of Chinese imports on Friday, drawing rapid retaliatory duties by Beijing on the same amount of U.S. exports to China.

An unrealistic target would push local governments to take aggressive stimulus measures, especially by promoting infrastructure investment. That could lead to a "flood" of monetary easing, and capital-intensive infrastructure investments would not be helpful for reducing unemployment in the short run, he said.

And 36 percent of the top sellers were from China by June last year, compared to 15 percent two years ago.