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And China still has many cards to play. It could, for instance, consider targeting the cross-border service trade in which the US enjoys a huge surplus with China. And US multinationals in China, which have pocketed tremendous profits in the world’s largest consumer market and account for a major part of China’s nominal trade surplus with the US, could also be a target if the Trump administration announces further tariffs targeting Chinese goods.

Andrew Cainey, from the London-based think tank Chatham House who specializes in Asia-Pacific, the global economy, and finance, said: "Success in Belt and Road Initiative projects require each party to understand the others well and to be aware of cultural differences and norms of doing business.With their international business reach, British professional services companies are well-placed to advise on this. Britain also has world-leading businesses in marketing, PR, and communications that help project the efforts of different parties."

And ``it’’ is more opportunities for sustainability projects and a national commitment.

Analysts and industry insiders are calling the government to take action to help the industry that accounts for around 10 percent of China's GDP over in the difficult days ahead.

Analysts were confident the performance of the real estate market will improve further in the second quarter given the steady demand in the sector.