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"First and foremost is to move certain industries, such as technological companies in Zhongguncun, to Xiongan," said Xu Kuangdi, former mayor of Shanghai, and director of an expert panel for the coordinated development of Beijing-Tianjin-Hebei. Xu oversaw the development of Pudong in the 1990s.

"From this point of view, the XRL surely will greatly boost the development of the Bay Area," said Zhang, adding that the commissioning of Hong Kong-Zhuhai-Macao Bridge in the near future and the construction of other infrastructure, including airports and shipping ports, will also add new development impetus to the area.

"For those who set their sights on forming new enterprises, they need infrastructure, such as innovation parks, as well as resources including suitable financial products and experienced tutors who can offer targeted guidance," he said.

"From an economic perspective, a trade war would be a 'lose-lose scenario' and negotiation is the preferred approach to reach a 'win-win' outcome", said Zhu Haibin, chief China economist and head of China equity strategy at JPMorgan. "Investors believe there is still room for negotiation between the two sides."

"Guests are not coming now, even though we have been offering discounts," Ni Luh said, adding that many customers canceled their bookings after they learned about the eruption.