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"China is restructuring the whole industry, and reducing emissions and environmental pollutants while doing it. The importance of Song's presidency is to transfer the knowledge and experience that they have accrued in the Chinese market."

"China is no longer betting on exports to drive up the economy, cultivating new growth points in technology upgrades, stimulation to domestic consumption and adequate investments in fast-growing sectors in global investment destinations－they have all become indispensable parts for the country to boost its economy," said Wang Huiyao, president of the Center for China and Globalization.

"China is the biggest (tourist) source market, so the faster Chinese visitors can travel again internationally, the better for the global tourism industry," Arlt said.

"By reducing administrative controls, investors' willingness to trade more could be strengthened," Dong said.

"China and US trade cooperation is essential for bilateral relations and hence mutually beneficial. We hope the two countries will continue on a path of cooperation considering China and the US are now each other's major trading partner," he said.