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"Governments of 11 EU member states have signed BRI cooperation documents with the Chinese government," said Zhang, noting that the EU's foreign trade will increase by 6 percent because of the Initiative, according to the Brussels-based economic think tank Bruegel.

"For the development of the healthcare sector, data analysis is the key. Big data sets up a collaborative network for small groups alongside the industrial chain to achieve coordinated development," said Yang Hongfei, founder and CEO of Firestone Inventing, the company that built the first medical and healthcare industrial data service platform to accelerate industrial digitalization in the medical field.

"For everybody in the country what is happening in Canberra is disappointing and frustrating. Business likes certainty and confidence in what happens in the future. Anytime we see uncertainty like is happening in Canberra it is not helpful," said Qantas CEO Alan Joyce.

"Google technology software is going to be disrupted, so the 25 percent tariff is one kind of disruption, but it's not a disruption involving the flow of technology," said Mark Cohen, a senior fellow at the Asia IP Law Project at the University of California, Berkeley. "This is in a way a little deeper and affects a different sector because we are also dealing with how we collaborate with each other, not only in hard goods but also in soft things."

"For decades, we have been overreliant on the finance and real estate industries," Lau said. "With the Bay Area initiative, we can now explore new opportunities in the innovation sector."