The best way to beat Liu Kang is to be as lame as a Sub-Zero player, and even then Liu Kang has the advantage.
Cyrax needs to constantly break, so meter management becomes difficult. You cant constantly keep bombs and nets on the screen to make meter because of the constant fire balls on the screen. Don't get me wrong, you do need the occasional far bombs to close the distance, but you have to be careful and understand your spacing. Close bombs don't work because F12, B312, and 213 advance forward and are 0 on block. Not to mention his fastest jab starts off at 8 frames, and is one of the best anti-airs in the game.
Once you finally catch Liu Kang, he can break free and zone you out again. B3 eats D4, so you cant just use that like in the Kabal match-up. Basically just play it safe and don't make too many mistakes.
Kenshi... There is no need for bombs honestly. Stay just outside of his spirit charge range, and trade with nets.
Tele-Fury is not a good idea against Cyrax because he is opened up for 51 frames, net comes out at 18, Tele-Fury comes out at 21. Kenshi has to think twice about Spirit Charge since you will be just outside of that range. If he advances, he will have to deal with his pressure. If Cyrax gets his hands on Kenshi, he can actually use tools that wouldn't normally work on other characters, such as 334, which is +5 on block. This is due to his huge hitbox. The bigger the hitbox, the more time in the sandbox for Cyrax to play in.
Now, think of the execution difference in this situation. Kenshi has an 8 frame spirit charge, and Cyrax has a 9 frame Command Grab... wait, what? Well how is this possible Krayzie? Well, If you're +5 after 334, you can comand grab Kenshi before he can advance. He either lets go of block, and deals with 12 net, or blocks too long and eats a command grab.
Another thing to keep in mind, is that Kenshi is dragging himself to the wall as he tries to zone you out. Now, in the corner, Kenshi is in trouble because of 334. There is less pushback due to the wall, so you can continue pressuring all day.
Think of this match as an old western stand-off. Only difference is Kenshi has a BB Gun, and Cyrax... Well you know... I reckon
Pig Of The Hut wont use Kenshi against me at MLG, would he?
[EDIT]
HAN - Also, I wouldn't be so quick to reflect a net if I was Kenshi.
I find it hilarious that I keep giving hints at this, and nobody asks me wtf I'm talking about... lol
I've kept this Cyrax secret for months already.