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"China still lags behind developed economies in the high-tech sector, so encouraging foreign investment is of strategic significance to catch up with globally advanced technology, as well as promote the development of cutting-edge technology in the manufacturing industry," Wang added.

"Countries succeed by having open systems, not closed borders," he said. "The US has long thrived through openness and diversity. China, of course, has conducted business and cultural exchanges with openness for thousands of years, as exemplified by the Silk Road.

"China's ivory trade ban will be as effective as its law enforcement action that will be employed to implement it," Milliken said. "Policy changes alone is not going to work unless strong action on law enforcement is taken."

"China's government, as always, promotes sustainable development, but more and more it realizes that this sustainability can only be reached by creating new innovation that both grows new markets and addresses changes to the external environment," he said.

"Chinese startups had two teachers as they were learning what happened in both China and the US, while most Americans just turned inward and stuck to the US alone, thus having only one teacher," Lee said.