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"Cooperation is the only choice for China and the US, and a better future could only be achieved through win-win cooperation," said Yuan Hao, commercial consul for the Chinese Consulate General in Los Angeles, who spoke at the event.

"Currently, the market penetration rate of China's commercial pension products is below 10 percent," said Chen. "In order to fully meet the challenges posed by the aging population, the need to develop an individual pension system is urgent."

"China's booming growth in international flights requires wide-body aircraft. The country spends a large amount of money buying planes from Boeing and Airbus," said Lin Zhijie, an aviation industry analyst and columnist at Carnoc, one of China's largest civil aviation web portals.

"Customization is on the rise," said Liu Zijun, a senior consultant at Ximan Color, an arts institute in Beijing. "Now, consumers want better and more personalized services as they have more money to spend on things over and above their basic needs."

"Cross-industry cooperation is needed to speed up the maturity of 5G. China Telecom will step up efforts to push forward such collaboration," Yang said. "We aim to launch commercial 5G services in 2020."