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"China is one of the most, if not the most, important markets for us. Even though cognac only accounts for a tiny fraction of the market here, the penetration rate is the highest," he said.

"China is now one of our top five markets. Chinese consumers have the style consciousness of the French and Italians, and the spending power of those in the US," said De Jong.

"China is more aggressive than anybody in developing smart cities. We see the three main drivers in the ecosystem, which are intellectual capital, emotional capital and financial capital," said Dana Magenau, managing director of UC Berkeley executive education.

"But one day I hope that there are many games here, and over the course of a year, because it's such a great sport, and because I love it so much," he said.

"China is going to play a much more profound role as we think about the next 50 years... There is a potential for us to do a lot together," Barton said at an economic policy forum last week organized by the University of Alberta's China Institute.