Deeming a sound business climate a key determinant of greater gains from growing trade, China has offered easier entry conditions to foreign businesses.

Zhang Bin, a member of the National Committee of the Chinese People's Political Consultative Conference, said, "The biggest challenge facing China's recovery is the lukewarm momentum of private investment — a key determinant of growth in employment, income and consumption.

"The biggest challenge facing China's recovery is the lukewarm momentum of private investment — a key determinant of the growth in employment, income and consumption.

Supply-side controls are also more effective in stabilizing public expectations－an important determinant upon which home prices hinge.

This marks the determinant battle of capital market reforms and has profound implications," Dong said.

"China still has room for interest rate cuts as the domestic economic situation remains the key determinant in policymaking, but relative cautiousness (in policy easing) could be seen in order to balance the targets of growth stabilization and foreign exchange rate stability," Shao said.

He said that the "fundamental determinant" of the renminbi exchange rate is the condition of domestic economic recovery.

Given that economic fundamentals remain the most prominent determinant of exchange rates, experts said the latest rate cuts are more likely to support the yuan than weaken it in the medium term.

For the STAR Market to really draw foreign investors' interest and even receive their stand-alone allocation, the quality of listed firms should be the top determinant, said Wang Maobin, investment department chair at the University of International Business and Economics in Beijing.

Earnings growth, a determinant of the market trend, is likely to be on the recovery path," Yan said in a note.

Its demand is a key determinant of global oil prices.