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Canadian lobster exports have boomed amid US trade tensions with China. The exports to China through June already were approaching 33 million pounds (14.97 million kg), nearly as much as all of 2018.

California is the largest exporter to China among all US states. Imports from the country at the San Pedro Bay complex, which includes the ports of Los Angeles and Long Beach, fell 9.6 percent during the first half of 2019, compared with the same period in 2018, while exports to China declined 22 percent.

CIC owns a stake in New York-based Blackstone after investing in the company in 2007 and 2008. A CIC entity owned about 4.6 percent of the asset manager as of February, according to Blackstone's annual report.

CIIE is a significant event for African businesses. It can offer them not only big-ticket deals, but more importantly, a wide access to a prosperous market, he added.

Cancellation rates hit 100% in fire-affected areas while tourist facilities even in areas not affected by fires were hit with cancellation rates of around 60%, and there is evidence of international booking cancellations too, he said.