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At the moment, the US economic landscape is a mixed one: The job market appears resilient, but economic growth is slowing. Many forecasters predict that growth has slowed to an annual rate of around 2 percent in the just completed April-June quarter.

At the GE, and at many Chinese and foreign enterprises doing business globally, everyone agrees that the Chinese and American economies are "so closely intertwined" that "engagement and cooperation, when it comes to trade, are the only way forward," Duan said.

At the same time, Luchan, who only has one name, said he will soon have enough savings to buy a pickup truck for his parents to start a small business.

At the summit, the leaders from the 10 member states will also discuss ways to strengthen the ASEAN Community and assert its position in global economy.

At present, the coverage rate in the three counties spanning the new area are 19.72 percent in Xiongxian, 9.3 percent in Rongcheng and 7.29 percent in Anxin.