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"China hopes to work with all parties to build a 'Polar Silk Road' through developing the Arctic shipping routes," the document said.?

"By labeling China a currency manipulator, the US is in fact continuing its maximum-pressure approach in trade talks," said Liao Qun, chief economist of the China CITIC Bank International.

"By 2016, a broad swath of Americans had begun to feel the effects of China's development in their everyday lives－in shopping malls, at the multiplex, in paychecks－and to sense that the center of global power might be shifting from the United States toward China," Robert Daly, director of the Kissinger Institute on China and the United States, wrote earlier this year.

"CES has a history of more than 50 years; it's already deep-rooted in China and among Chinese companies," said Lv Kun, chief representative of Qingdao, Shandong province. Over the years, she has led consumer goods manufacturers such as Hisense and Haier to CES.

"By using its full digital traceability system and digital tools such as smart sensors, visual inspection and auto monitoring system to improve quality control, Danfoss CC Tianjin factory has improved labor productivity by 30 percent and reduced customer complaints by 57 percent within two years," the WEF announcement stated.