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Beijing is quickening its pace in the semiconductor sector in light of brewing trade tensions with the United States. Washington imposed a seven-year prohibition from buying any US technologies on Chinese telecom equipment maker ZTE, a move that threatens its supply chain.

Beijing's countermeasure against the United States in their trade dispute would hurt US liquefied natural gas exporters while providing opportunities to other LNG-exporting countries, said the Ministry of Commerce.

Behind the scenes, the two companies are waging a war to become the pre-eminent online mall. And e-commerce sites large and small are caught in the cross-fire. As for consumers, the question is whether they will see a full range of products available online.

Before they left, the Americans thought the Chinese might be very stiff, probably very serious, or sort of boring. And the Chinese expected the visiting Americans to be very raucous, but most likely interesting, according to Young.

Behind those figures is the improvement in people's lives and emerging industries.