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An exciting part of Chinese consumerism is the rise of discretionary spending, according to Jeffrey Towson, managing partner of Towson Capital. He pointed out that the increase in expenditure on discretionary products in China annually is forecast to exceed 7 percent till 2020. Within this same period, the growth of spending on "semi-necessities" annually should hit 6 to 7 percent.

An Uber self-driving car turns in front of a classic Pittsburgh truck. (GeekWire Photo / Todd Bishop)

An effective way for Chinese companies to prevent potential risks and lower operational costs is to seek enhanced cooperation with local partners, Liu said. "The collaboration can be conducive to fueling local economic development and improving the livelihood of local people."

An aerobatic event was held on Friday in Anshun city, Southwest China's Guizhou province, providing a visual feast for audiences with a series of stunt performances including formation flying and somersault flight.

An interesting question, Costa said. “The climate crisis is a racist crisis. You can’t solve one without solving the other.”