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"China now is our No. 2 market for international tourism, we also share world heritage cultural distinctions," Kenney said, adding that this January, representatives from the Philadelphia department of commerce visited China and discussed more opportunities for collaboration.

"China is willing to better align the Belt and Road Initiative with Vanuatu's development strategies and deepen mutually beneficial cooperation in such areas as infrastructure, economy and trade, fisheries and tourism," Li said.

"China is creating mega unicorns at a fast pace, and some of the leading companies are now as big as comparable US firms. For example, Tencent is as big as Facebook," said Harry Man, a partner and founding member of Matrix Partners China, a venture capital company founded in 2008.

"China has also begun improving the quality of patents in light of the rapid growth of applications in recent years. It aims to better protect IP rights by making strict demands on itself," Gao said.

"Chile is shifting more and more of its volumes toward China," Ciobanu said. "Prices paid in Asia are coming down a bit as the market matures, but there's still a gap above what North America pays."