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Richard Cullen, a visiting law professor at the University of Hong Kong, said that as institutional barriers are removed in the cluster, there will be deeper cross-boundary collaboration in legal matters.

Ricketts said the electric vehicle sector in China, which is the world's largest by production, will likely prove an important market for graphene and other advanced materials. The manufacture of graphene on Chinese soil is good news for domestic companies looking to place large orders.

Robert Kuhn, a China expert from the United States, said that the Chinese president is proposing a grand vision of global governance — stressing the strength of stability and the goal of mutual prosperity — with China playing a dramatic new role in seeking global win-win cooperation.

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Ross said the US welcomes foreign investment on the same basis as domestic investment.

Restaurant delivery is a low-margin business at best, a money-loser at worst. The economics are difficult for companies to puzzle out, making delivery of groceries and other essentials an attractive vertical to chase. The new market could also help Uber offset losses from its core transportation business as fewer people are requesting rides during the pandemic.

Ross, speaking on Thursday on the sidelines of the SelectUSA Investment Summit in Maryland, said the US and China have “a couple of sets of issues”. First of all is the personal relationship between President Xi Jinping and US President Donald Trump, he said.

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Returning to power, Mahathir is mulling shifting back to this policy to strengthen ties with East Asia.

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Revenue of IT services increased 16.7 percent year on year to 858.3 billion yuan (about 127.56 billion US dollars) in the first three months, accounting for 58.2 percent of the software and IT services sector's total amount, according to a report by the Ministry of Industry and Information Technology.

Retail investors placed orders 625 times more than the number of shares on offer, putting the flotation on course to become Hong Kong's hottest offering in 10 years.