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An online platform that provides a complete set of services for local enterprises was launched Tuesday in South China's Guangdong province, a window into China's reform and opening up.

And, Saman Pouyanmehr, from Iran, founder and CEO of the GFYE and a recent graduate of the UIBE with a major in finance, said: "China is a unique country that offers unique opportunities and values to entrepreneurs for realizing their goals. I'm very happy that I'm in China at the same time that the Belt and Road Initiative is growing. China soon will be an influential country in the digital economy era through integration of Chinese and foreign talents, and also by introducing world-class startups. The biggest opportunities for entrepreneurs are here."

Analysts from Beijing-based Pacific Securities wrote in a note that there is limited room for A shares to hit record lows of the kind witnessed in June 2013 and January 2016.

Analysts said such structural reforms could help reduce the country's debt risks systematically in the long run.

Analysts largely attributed the declines largely to tumbles in overseas stock markets, as the Dow Jones industrial average plunged more than 1,000 points Thursday, to sit 10 percent below its record-high of two weeks ago.