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"China is creating mega unicorns at a fast pace, and some of the leading companies are now as big as comparable US firms. For example, Tencent is as big as Facebook," said Harry Man, a partner and founding member of Matrix Partners China, a venture capital company founded in 2008.

"California has a shortage of 3.5 million homes, and that is the root cause for homelessness for most people," said Wiener, who introduced a bill－SB 50－last year to legalize affordable housing near transit and job centers.

"But we do know this: No one man's action can build a wall between us and a better day, no matter how evil, how thoughtless, or how destructive."

"China has a huge population, so lifting so many people out of poverty in recent years will be a huge achievement," he said.

"China may increase the interest rates for open market operations following the possible US rate hike, but in a moderate way, a similar move as it took in December and March," said Yang, who also suggested a further cut in the cash that banks set aside as reserves when liquidity risk increases.