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Analysts said the impasse is likely to linger, though both sides have agreed to continue talking.

Angiola Rucci, project manager with event organizing company Triumph Asia, a unit of Italy-based Triumph Group International, said the initiative has fueled two-way exchanges between China and Europe, supporting their business.

Analysts believed the move, which will take effect on Oct 15, is meant to further fuel the country's real economy and fend off potential risks brought about by global trade uncertainties and downward pressure. The RRR cut will inject 1.2 trillion yuan (4.7 billion) of commercial bank deposits from the central bank to the banking system, according to a statement on the People's Bank of China website.

Ang said that Fortive achieved double-digit growth in the third quarter of this year in China, and the annual performance is also expected to be positive this year.

And asked on Tuesday whether Trump plans to get tougher on China or on automakers who leave the US, White House Press Secretary Sean Spicer said the president wants to lower business taxes and reform the tax code so businesses will want to "come back to the United States, grow in the United States, manufacture more in the United States."