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"Chengdu is doing business with New York, especially through travel and tourism," Yip said.

"China is the world's second largest economy and stock market, however, China A-shares are underrepresented in global capital markets," said Brendan Ahern, chief investment officer of the Krane Funds Advisors, which is the investment manager for KraneShares ETFs (exchange-trade-fund), noting that China's capital markets are too big to ignore.

"China has been very much a part of our life — throughout our adult life," said Henry Levine, senior adviser at Albright Stonebridge Group, a Washington-based global business strategy firm, whose wife was a senior interpreter for the US government based in the State Department for many years.

"China has achieved over 60 percent urbanization. The figure will reach 70 percent to 80 percent in the future, and the cities' size will only grow bigger and bigger, presenting challenges in their management and operation," he said.

"China needs advanced hardware to bolster its pledge to become an innovator and world leader in AI," Yin said. "Chinese companies' devotion to the R&D of chips is conducive to its indigenous development."