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"Cultivating talents in the Guangdong-Hong Kong-Macao Greater Bay Area should start from students. If students can learn in an entrepreneurial environment, we can create a better ecosystem of entrepreneurship," Clement Tang said.

"Companies are looking to reduce costs and rejig equity structure, along with an expanded focus on innovation-led development and structural upgrade."

"Communist Party members must have no peace of mind, day and night, seeing people living in such poor conditions," he said in 1998, when presiding over a meeting to address the problem.

"China will not only focus on introducing foreign technologies and capital, but also on opening more industries for foreign investment in fields like finance and services and promote the country's advancement into the mid-to high-end of the global industrial, supply, innovation and value chain."

"Clouds are on the horizon" for California especially if the trade war intensifies, said Jim Doti, chair of business and economics at Chapman University.