Analysts believe China will retaliate against the U.S. in response to hacking charges made by the latter against Chinese officials; although these retaliations may be tempered by China's slowing economy.

Business Insider reports that when news first broke out that the U.S. planned to file indictment charges of cyber espionage against 5 Chinese military officials for hacking a number of American companies, an unidentified spokesman from China's State Internet Information Office was reported to have warned the U.S. of retaliation if the latter would continue to push through with the case.

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Trade analysts are confident that given China's history with regard to retaliation in trade disputes, there is definitely a high probability that China will do the same in this case.

It could either be raising U.S. import standards or implementing grueling inspection and testing procedures - anything that would make it harder for U.S. companies to bring in their goods to China - but they are almost certain that it wouldn't be so drastic as to cause the U.S. to retaliate back.

"The one thing that's certain is that they always do something," William Reinsch of the National Foreign Trade Council said. He added, however that China will probably not retaliate by starting a trade war.

In the last three decades, China has been experiencing a slowdown in economic growth.

From 2010 to 2013, the country has experienced a decrease in economic growth of 2.7 percent. According to the World Bank, it predicts a growth of only 7.6 percent in gross domestic product this year and 7.5 percent next year, compared to last year's 7.7 percent.

Reinsch expects China's retaliation to take off from actions taken by the U.S. He says that China will now probably look for Americans who have hacked Chinese networks and charge them similarly.

However, he adds "Right now, frankly, they need us more than we need them. They need to sustain their exports."

TagsU.S., SolarWorld