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"China and the US have had turmoil, and (the toy) is all banged up. It got gloves on, and it says I want a hug," Loeffke said humorously.

"Cambodian trade centers in China are useful in promoting Cambodian products, investment potential, investment law and regulations, tourism attractions, and culture to Chinese investors and tourists," he said.

"Cathay Pacific is fully committed to Hong Kong under the principle of 'one country, two systems' as enshrined in the Basic Law," he said, adding "we are confident that Hong Kong will have a great future."

"Changes are coming so much faster these days than in the past. By the time you finish analyzing all the data you're given, it's too late to act," he said, adding that qualified leaders should be able to act in an environment of imperfect and incomplete information while quickly correcting the mistakes they have found in the decision-making process.

"China has become a major global innovation promoter, which is gradually shifting focus from the quantity of innovation to the quality and influence of innovation," Li said at the launch of the Boao Forum for Asia Innovation Report 2020 on Wednesday in Beijing.