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"By adopting the ban, China plans to change the current global structure in the division of work, eradicating its role as a dumping ground for leftovers from developed countries, which has grown in the past 30 years," Xue said.

"Central will experience the greatest downward pressure as there's a significant rental gap between Central and other office submarkets."

"But the damage of today's shock could be more profound, long-term -- and above all irreparable," he added. "I believe America needs partners ... But America can only recognize such a partnership if it sees the 'West' as more than a point of the compass and in the world more than a boxing ring in which everyone fights everyone."

"China is making its own business innovations over the past decades. Umpteen businesses, such as online education and food delivery companies, are emerging in the country every day," said Liu Chang, founder and CEO of 17Edtech.

"But ultimately ... the data drives that decision. That's where the transmission is. It's not in cafes and restaurants, but it is, in small numbers, in people's homes. One family to another."