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"China is determined to make 5G a top priority on its national agenda, striving to take a leadership role in the global landscape. It is also pressing for participation in the formulation of the international 5G standard to make China one of the main players."

"China is one of the fastest growing cosmetics markets in the world, and that trend is definitely taking place here," said Gareth Barker, president of the personal care and aroma ingredients division at DSM, a Dutch multinational.

"China has removed the quotas on foreign investors' purchases of domestic stocks and bonds through the QFII and RQFII in September, however, quotas were not used in full in the recent past and other reforms, such as the removal of a 10 percent limit for foreign overshore of A shares, which would be more meaningful to foreign investors," said Cantor.

"China is obviously an important regional and world power, we work closely with China on issues related to North Korea, on issues related to trade and many other issues as well," Nauert told a briefing at the Washington Foreign Press Center.

"China has the potential to top the United States to carry the largest passenger population," Han said.