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"Having known him for 30 years, he looks good, as energized as ever," Leeds said. "The embassy staff said they've never seen anyone work harder than Branstad, and that sounds kind of what we heard when he was governor as well."

"For my third trip to China this year, I would say that China has as many entrepreneurs and the same type of entrepreneurial vision that there is here in the US," said Robert McCooey, senior vice president of Nasdaq's Listing Services unit, during a panel discussion here late Friday afternoon.

"Half helped their relatives and friends out of poverty and 10 percent brought the entire village out of poverty.

"For an individual to become jun zi (a good person) in the sense of Confucianism, it means each individual has to achieve this for himself. Nobody can make you good, only you can do that. There is that individualism in Confucianism, too," said Angle, who believes that the US could use some Confucian values to address social issues.

"Foreign bank clients engaged in trading and investment in China are expected to receive better financial services as control loosens, which will further promote economic ties between China and the rest of the world," said Ding.