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"Foreign countries have imposed retaliatory tariffs of billion worth on US exports, and that is beginning to hurt my businesses, and I don't like it," said Napolitano, who represents California's 32nd District.

"From all these figures, you can see that China has succeeded in not only infrastructure and housing, it's also very important in the new modern industries," he said.

"From a global perspective, cutting individual income tax is an effective measure to implement proactive fiscal policy. It can raise disposable income, with the objective of boosting consumption and increasing aggregate demand," said Liu Yi, a professor at Peking University's School of Economics.

"Going ahead we are planning a series of events, like a bridge between Indonesian students who are studying in China and Chinese companies that set up branches in Indonesia," Wang added.

"For one, these companies are already world-leading in technologies, sometimes just second to the US. On the other hand, the already high penetration rate in the domestic market is impossible to sustain long-term growth, prompting them to make an overseas presence," Wang said.