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"Canada's food trade with China is mainly grain, oil and other commodities. With China's import tariff cuts, we are selling more consumer products to China to catch up with the country's upgraded consumption habits," Leo said.

"California is just so close to China; I think this might be the major reason why Chinese investors prefer California," Guo Ruda, commercial attaché of the Chinese Consulate General in Los Angeles, said at the hearing.

"China has not yet launched a unified framework for regulating systemically important financial infrastructure, but efforts are being made toward this direction," said Yin Zhentao, a researcher at the Chinese Academy of Social Sciences' Institute of Finance and Banking.

"China is moving from the volume segment to the premium segment, and we are quite confident this will also happen in the NEV sector," Troska said.

"China and Kiribati have carried out comprehensive exchanges and cooperation in all areas since the two countries resumed diplomatic relations and a batch of early harvests have already been achieved," Geng said.