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Analysts and fund managers remained bullish in their long-term outlook on Chinese stocks, citing favorable factors including rising foreign interest along with the opening of the country's capital markets, potential opportunities related to the reform of State-owned enterprises, and the consumption potential of the Chinese people.

Andrey Denisov, the Russian ambassador to China, said that Russia has extensive economic and people-to-people interactions with Tianjin, and welcomes leaders, businesses and the cultural community in Tianjin to visit Russia and sign more cooperation agreements with Russian cities.

And that doesn’t even get to the .7 billion deal to buy Whole Foods Market, drastically expanding Amazon’s grocery reach. That wasn’t included in discussions because the deal has not closed yet.

Anchored in Shanghai, the company's China unit also manufactures appliances, and ships industrial parts from its Shanghai factory to its global networks, including economies related to the Belt and Road Initiative.

And the effort appears to be working. A recent?study from Consumer Intelligence Research Partners?estimates that Amazon is up to 65 million Prime members, more than half of its U.S. customer base.