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"Collaborations like this are very critical, because together we'll be able to get there faster," said Hua. "I think American startups certainly should be going to China to exploit the opportunities to get funding or partnerships."

"Chinese companies have become very active investors in US startups in recent years," Xiang said. "Meanwhile, China's tech products and services, such as Huawei's smartphones, are of good quality. It is different from trade behavior such as dumping uncompetitive products. Such restrictions lessen consumers' choices when purchasing goods."

"China's catering industry has shown increasing awareness of food safety, and displayed some unique business models thanks to its advanced development of digitalization," said Connell Zhang, executive vice-president and president of Greater China for Ecolab.

"Companies that have been through massive growth have to ensure they'll continue to be an attractive brand in the long term, and I believe we will."

"Customers' demands for vehicles have changed dramatically over the years and Chinese customers are younger and more avant-garde than customers from the European and US markets," said Jochen Goller, president and CEO of BMW Group Region China at the launch event.