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Burnett said such long-term infrastructure investments could never be done in a Western economy because they don't deliver fast enough. In China, he added, what you've got is the sort of cooperation which magnificently trains its executives and the people who run it, and takes a long-term view as well.

Bruce Shapiro

Both sides agreed to launch China-South Korea "2+2" dialogue on diplomacy and security, launch China-South Korea dialogue on maritime affairs and hold a new round of high-level strategic dialogue between foreign ministries of China and South Korea.

Branford Marsalis, a world-famous jazz musician who performed at this year's JZ festival, also emphasizes the necessity of listening. "Music is an extension of culture and language," he says, adding that it's essential to immerse oneself in the jazz culture by reading books and appreciating the classics.

Brandon Henry, an analyst with RBC Capital Markets, said the most impacted medical device/capital equipment categories on the list include: pacemakers, MRI machines, CT scanners and X-ray machines.