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"China's current account is now broadly in line with fundamentals," said Gita Gopinath, an economist at the IMF. "The (current account surplus) decline reflected a combination of structural factors and expansionary credit and fiscal policies, but also greater exchange rate flexibility and the associated real appreciation over the last decade."

"Considering that the two accidents took place after new Boeing 737 MAX 8s were delivered, and went down just minutes after taking off, within five months of each other, they have some degree of similarity," the administration said in its statement. The administration grounded all Chinese Boeing 737 MAX 8 jets on March 11.

"Consistent reform and innovation has helped XCMG to grow from a company with less than million in overseas revenue to an industrial export leader with more than .3 billion yuan in overseas revenue a year," said Wang.

"China's financial opening-up has already drawn a positive market response. This new round of opening-up will forge a level playing market environment for both foreign and domestic firms," Guo said.

"Considering the amount of MAX aircraft used by China's three largest carriers, the impact of the jet model's grounding is under control. Existing flights can be carried out by other models," said Yu Nan, an industrial analyst from Haitong Securities.