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"Direct economic losses in the Mengwa area could reach over 500 million yuan ( million) this time," Zhang said.

"Educational institutes, as a key component of the education industry chain, can use AI to improve efficiency and reduce cost," said Yu Min, president of Chinese online education startup SanHao, during the Global Education Summit, held by the TAL Education Group, in Beijing.

"Everything in the Cao family mansion, even a stone or a plant, is a witness of the century-long history of Gaohang town," said Lou Chenghao from the Shanghai Shikumen Cultural Studies Committee.

"Every day I wake up and talk about taking Indiana to the world and bringing the world back to Indiana. That includes obviously one of the biggest economies, China, and ours, America," he said. "So I'm looking forward to the days of predictability and certainty and stability on the trade front and optimistic we'll be there soon."

"Earlier, many people did not trust Chinese products very much. Today the quality is rapidly rising, with Xiaomi, DJI and Huawei becoming prominent global brands, while several smaller brands have also been making their names," he said.