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"China's total logistics expenditure accounts for about 15 percent of its GDP. The smart logistics sector is a multitrillion market."

"Chinese consumers, especially the young generation, have significantly increased their trust in local big brands. This signals a very positive sign for the rise of Chinese brands," said He Xiaoqing, partner and head of consumption and retail industry at AT Kearney Greater China.

"Chinese students at our university act as a crucial bridge for our other students to better understand China," said Pitt. "We are also consciously building up our Chinese alumni network. Our Chinese alumni can help our efforts to strengthen our reputation in China, and that can open doors to new joint-teaching and research partnership opportunities between us and Chinese universities."

"China's adaptations to its welfare system have been researched across the world for over 40 years, its plans have been tested and developed and now its implementation is constantly assessed and alterations are made," Perry said. "China will have the best systems of development and government because its testing is constant and open-minded."

"China-US economic and commercial cooperation is mutually beneficial and the potential is yet to be tapped. Let's work together to build a strong partnership for the benefit of our two peoples and thus contributing to the world peace and development."