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"China is becoming such an important part of the global tech ecosystem … we need to find a way to better connect. So, people should come to see for themselves, make their own informed decisions, building relationships, connections and also educate and inform," Shaw said.

"China can seize the newest trends in technology by attending SXSW. The event also functions as a big incubator — data show that about 10 percent of the companies at SXSW were acquired after the event. Many startups go to SXSW to look for opportunities while others go there for inspiration and ideas," Forrest said.

"But the main challenge lies in whether these firms can succeed in foreign markets and attract local consumers with strong Chinese characteristics."

"China and the US both have responsibility in maintaining regional peace in Asia," Senior Colonel Zhou Bo, a security expert, said. "The new mechanism will play a significant role in exchanging ideas for dealing with major military issues in the region, which in term will reduce the chance of miscalculation and improve risk management between the two militaries."

"China has many favorable conditions and will actively solve problems that have occurred in its way forward through reform and development," he said.