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"China will firmly take necessary actions to safeguard its own interests," Foreign Ministry spokesman Geng Shuang said at a news briefing on Wednesday.

"Currently, we especially target small and medium-sized companies, which account for around 70 percent of the total domestic firms, aiming to help them reduce the costs on operation and IT spending."

"China's economic volume is very large and it is now aimed at higher quality growth. We believe that the share of the Chinese mainland stock market in the global market will gradually increase," she added.

"Clearly June 18 being a shopping period rather than a day aims to provide customers with ample time to make purchase decisions, which is also a way to set it apart from the Singles Day," said Neil Wang, president of consultancy Frost & Sullivan China.

"Citizens should not leave the city when it's not necessary," she said. "The outbound travel should continue to be suspended and large-scale event should not be held."