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"Cadillac XT4 provides the brand with an access to a new market segment and new customers and helps to connect Cadillac more closely with China's younger-generation customers, among whom Cadillac aims to find new market opportunities," Carlisle said.

"By doing research in the areas that have been there for thousands of years, we are able to bring new light to that history, to help people understand how those interactions affected people of that time," she explained.

"China market has bounced back from the impact of COVID-19 better and faster than we have expected, which provides huge opportunities for us. China market is now expected to be our fastest growing overseas market," added Hitchcock.

"China holds the promise to become a primary source of many next-generation medical technologies. Medtronic is determined to capture the opportunity through continued investments in local R&D capabilities and technology partnerships, as we believe technology has greater potential in addressing unmet medical needs - which will therefore drive our business presence," said Gu.

"California maintains a close economic and trade tie and people-to-people exchange with China," Zhang Ping, Chinese Consul General in Los Angeles, said in his keynote speech to the Belt and Road Forum hosted by the Hong Kong Association of Southern California.