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"China's 18 railway bureaus could be consolidated into three railway corporations in the northern, central and southern regions," said Zhao. "The three corporations could be in charge of their own region and could have independence in asset management. They must compete with each other to stimulate new growth points."

"Cooperation between the US and China is critical to meeting all of the challenges facing our world, from economic growth and trade to security and climate change," the media mogul said.

"Cross-border e-commerce has effectively broadened the channels for enterprises seeking to enter the international market using internet and information technology, becoming an important technical foundation to promote economic integration and the globalization of trade," said Diane Wang, founder and CEO of DHgate, a cross-border business-to-business e-commerce platform.

"Clean energy technology helps reduce consumption of traditional energies," said Zhao Misheng, president of the company.

"Countries including the US and India have been taking on China's IT players frequently, citing national security concerns. But this highlights the lack of widely acceptable international rules on service trade industries, especially in emerging industries."