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"But we see that as an investment in the longer term. We are building our own type of intellectual property protection around it, so that we also have a sustainable profit model for the long term. I think in five to 10 years from now, bio-based will be the mainstream."

"China believes that trade problems and conflicts should be dealt with in a positive and mutually beneficial manner," said Sang Baichuan, director of the Institute of International Business at the University of International Business and Economics in Beijing.

"But most of their so-called independently developed technologies, such as speech or facial recognition, are actually copied from others."

"But we need governments, international financial institutions, and the private sector to work with us to take full advantage of these advances," he said, listing four ways philanthropic capital can be used.

"California maintains a close economic and trade tie and people-to-people exchange with China," Zhang Ping, Chinese Consul General in Los Angeles, said in his keynote speech to the Belt and Road Forum hosted by the Hong Kong Association of Southern California.