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"China has offered a good business environment and governmental support for the company in the past two decades, which accelerates the development of our manufacturing base to serve both the Chinese and Asian markets," Chen said.

"China is indeed taking the lead in global fintech," said Wang Lipeng, a partner at KPMG. "Fintech is bringing profound changes to the Chinese economy and industrial reforms."

"But no one can be optimistic about how long the current mood for dialogue will last", he said.

"California has a shortage of 3.5 million homes, and that is the root cause for homelessness for most people," said Wiener, who introduced a bill-SB 50-last year to legalize affordable housing near transit and job centers.

"China is a fast-growing major global economy with a burgeoning retail sector, due to the size of its population," said Nancy Wang, managing director of Trax in China. "Retail is transforming rapidly in two specific areas: the shopping experience and technology adoption."