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"Chinese tourism is a big prize in global trade. ... On this front, the US has more to lose than China," Robin Winkler, foreign-exchange strategist at Deutsche Bank, said in a note in June. The trade war "would likely take a severe dent to household income growth to squash the new middle class's appetite for passports and foreign travel. A weaker exchange rate could make foreign travel somewhat less affordable", Winkler added.

"China's experience can be valuable and we should learn from China humbly," said Kriengsak, who also is a prime ministerial adviser and chairman of Thailand's Nation-Building Institute International.

"Custom-made garments definitely fit better," she said.

"Countries that have followed China's political and economic model are already recording socio-economic success," Were said, singling out Rwanda and Ethiopia.

"China will keep improving the market-oriented foreign exchange regime and maintain flexibility of the yuan exchange rate, generally at a reasonable and stable equilibrium this year," said Wang Chunying, spokeswoman of the State Administration of Foreign Exchange, the country's foreign exchange regulator.