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"Chinese universities focus more on the number of academic papers than cooperation with industries. But if China wants to emerge as a technology powerhouse in the world, it needs to tackle that challenge," Lee said.

"Currently China lacks specific data on myopia, but clinical experience shows myopia is occurring at a younger age and worsening at a faster rate in China than the rest of the world," said Long Qin, a senior ophthalmologist at Peking Union Medical College Hospital.

"China's car sector is yet to reach its peak, so it is normal to see some fluctuations as it evolves," said Ye.

"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, retail investors are not fully engaged in REITs-like products. If these details are made clear in the near future, the REITs market in China could be significant," said Hu.